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Wednesday, August 26, 2015 7:33:10 PM
1-company is buying back shares and openly admits to have a couple hundred million. They even tell us the average price.
2-They Paid a outrages dividend to the shareholders..
3-the dividend was deposited into accounts and volume skyrocketed.
4- At the end of each session the pps nose dived.
5- they get halted.
I am just looking at all the possibilities when saying this....
Perhaps the company got halted because they got caught manipulating their own share price. Think about it, they knew a lot of people who got the divi would reinvest and the news would make the pps skyrocket. it drew in troves of investors. price goes up, they sell off tens of millions of shares, fear and panic selling sets in, pps bottoms out, rinse and repeat.
the argument that they paid us so they cant be a scam isnt based in reality. its called risk vs reward, and they reward they would have gotten by doing this was well worth the risk of paying the dividend. they would have made they divi money back day 1 with the amount of shares
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