So a question arrises. How much $$$ does it take to manipulate. I’m glad the question is/was not, how much $$$ WILL it take to manipulate. So let’s look at some large blocks of trades to give one an idea of what happens. In the summer of 2017 in the month of August, P. Hauck sold off over 1.5 million shares. P. Hauck is an officer of the company and the purchases and sales of shares tend to have influence. But do not confuse influence with manipulation. So what happened after blocks of 971,000, 450,000, and 140,000 shares sold at around .31. The stock went up! Not down! Up! Ok now. Then in November Tony Chung another executive sells over 3 million shares at a time when a sell off was still taking place. Did the stock tank? No! No it did not. Trades like this usually show a lack of confidence. They can also be construed as manipulation if it was done to tank a stock to buy back in. Has that happened? No!
Manipulation can take place, when an analyst or company releases misleading press releases or analytical reports to cause a sell or a buy. A float of 300 million shares and volume of 1, 2, 3, or 5 million shares won’t do it. One might say that given the company’s revenue, and history of failures anything above par value of .001 is stock manipulation. To honestly believe that the pps of .23 or .27 is somehow odd, is not manipulation. To think that the pps is actually worth .23 or .27 is self mental manipulation. This is why there are buyers and sellers of stocks. It is a perceived price based on what one perceives the pps is worth, knowing that the company has no sales, but hopes through DD it will. Its a crapshoot. Not manipulation to support the pps of a non profitable company. It is a risk, a bet, a gamble and we justify it by our knowledge, emotions and hopes that we are correct. It won’t be the first time that I am right or wrong. I am sure all of us have been down this road before.
Good luck to all.
