ConneXionONE Corp (CNNN)

[kex0414]

Call me a LunaTic, but I have a theory about AFT’s sudden volume yesterday with absolutely no news.

Lets say, an experienced investor bought 100,000,000 shares of AFTC over a period of one month, at an average of $0.0002 intending to sell them at .0046; a quoted (anticipated) target price after several pumps. That would yield a net profit of $430,000 ($460,000.00 – $30,000.00).

But something goes wrong and the share price does not rise as expected, and the volume is less than 350K shares per day? How does the investor bail and still make a profit? Simple. The investor trades a few million shares at both the Bid and Ask. This does two things. It creates the illusion of sudden increased interest in the stock, and also buying at the Ask, drives up the share price.

So now, seeing that AFTC is not rising as expected, the investor wants out, and will now settle for selling at $0.001. That would still be a net profit of $100,000. He initiates several trades totaling about 4 million shares. Since the daily average volume is under 400K with several ZERO volume days, it looks like AFTC is starting to run.

The reality is, it’s just one shareholder manipulating the price and volume.

One last thing.
Barchart this morning's OPINION has gone from a longstanding 28% BUY to 100% BUY, solely based on yesterday's 4 MM share trades. Albeit temporary, it's a false positive, but shows you what a little manipulation can do.