LGBTQ Loyalty Holdings Inc (LFAP)

[Txinvestor1]

Here is a scenario where someone would perceive a benefit from selling down to .10 yesterday:

A trading group had a lot of shares from the March 5th takedown that they purchased around .06. 11M shares traded that day. (Btw the PPS made a huge move up two days later)

So the trading group coordinated the sale of 2.5M shares yesterday, hoping to create panic selling and buy back a position at a lower price. Thus the three big ask walls after the 2.5M shares sold in 15 minutes, indicating several individuals were working together to suppress the PPS... We hadn’t seen even one ask wall that size for quite a while.

Would the group expect to get all of their position back at a lower price? Maybe, maybe not. But they would know they were banking over 100% gains and getting at least a good chunk of shares back at an artificially low price, knowing they were the reason for the decline in the first place.

If that was the plan, I don’t think it worked out too well, as plenty of longs were ready to add if LFAP had an unwarranted PPS drop. So most of the 2.5M shares are now in the hands of those holding for much higher than .20 or .30.