I have given some thought over the weekend to what has been happening to Galaxy's share price. Given the fundamentals, I have concluded that there is no way that this company could be shorted to the extent that it has been unless the primary shorters know for sure that they are not going to have to pay top dollar to buy the shares back. So I wonder, could it be possible that the directors of the company are working behind the scenes with the manipulators to run down the share price to the point where the company can be taken over by another company that they are in cohoots with? This to me is the only explanation I can think of as to why GXY is the most manipulated stock on the ASX. It also explains the general lack of news from the company and the misleading announcements (e.g. that there would be an announcement made before the end of the 2018 financial year about GXY partners). I would be interested to hear what others think about my theory.
