This is why GAXY went up from 0.005 to 0.06 in 3 weeks...
Pump and dump.
Pump and dumps work on speculative news that is either false or misleading.
For about a month, a couple of people $GAXY follow on twitter had been retweeting $BOXL tweets and tagging $GAXY on those Boxlight tweets.
The reason: $GAXY had at one time been a reseller of some Boxlight products and supplied audio solutions(speakers, sound, etc) for some Boxlight products.
This gave people the impression that $GAXY was still doing business with $BOXL, which was false at the time.
Why is this relevant? Because there were rumors of a Samsung/Boxlight collaboration. In other words, some of GAXY's friends had been purposely retweeting $BOXL's "MimioConnnect" tweets with the $GAXY hash and going as far as saying $GAXY were the ones who supplied the audio equipment for the MimioConnect series products.
Basically, GAXY's friends(you can look them up if you don't believe me) purposely retweeted and in some instances, gave false facts/news about $GAXY being involved with Boxlight/Samsung "Mimio" project.
On a conference call, an investor had posed a question to Michael Pope(CEO/Boxlight) and asked him $GAXY's involvement in the MimioConnect project. Michael said they had done business with $GAXY in the past but currently are not doing any business with them whatsoever and that $GAXY had zero involvement in the MimioConnect/Samsung project.
Those rumors started to die down, and now none of GAXY's twitter friends are retweeting Boxlight tweets anymore.
This led twitter penny investors into thinking 2 things:
a. Boxlight was going to blow up because of their Samsung collaboration(which it did go up at the time)
and
b. Because $GAXY supplied the audio for MimioConnnect's Boxlight/Samsung product collaboration(this was false news), that $GAXY was going to skyrocket.
Those behind the pump & dump planned this all along.
I have reason to believe either the majority shareholder investor(ghost investor from Singapore) and possibly some representing $GAXY are part of the pump & dump.
There's something very suspect when an education tech company's twitter followers/following list are penny stock traders & penny stock marketers. Not just suspect, but ethically a little concerning. You don't see these kinds of followers/followings with other education tech companies. Just $GAXY.
What's worse is I deep-dived into $GAXY's list of people they follow and there are some who did retweet false implications of GAXY's involvement in BOXL's MimioConnect.
To say GAXY is oblivious to the fake rumors surrounding them on Twitter is a lie when the people they follow are the ones spreading the fake news. There really should be some investigation on this.
Also, majority shareholder "Sivakumar Arikeri Pathikonda". There is something very, VERY suspicious about his investments. According to SEC filings, he purchased majority shares in 2 stocks between mid and late July: $GAXY and $INQD.
On August 7, $GAXY was +120% and $INQD was +36%. The next day, $GAXY was +178% and $INQD was +45%. The day after, $GAXY fell -43% and $INQD fell -13%. All of this from penny stocks that were completely flat with no volumes shared, happening only several weeks after becoming major investors in these two stocks.
I posted a sales deck that is online somewhere from 2018 from $GAXY's Gary LeCroy. It was an investor's deck to attract investors. In the deck, they told investors they were expecting $20-22 million in profit for the year 2019. They also said they'd be expanding in most states in the US. Those things never happened.
Remember: if it's a speculation, it's not a lie and it's not illegal to say.
So for those who still think this is going to go up to .10, .20 by Christmas, or that this stock will "skyrocket", you have to understand that this stock skyrocketed based on speculative, false implications that were partially spread by those $GAXY associates with on Twitter. So chances are, they know exactly what is happening and have done nothing to dispel false rumors.
HMHC is a perfect example: some penny stock marketer spread false tweets about HMHC expanding business into some countries. This was flat-out false.
The stock skyrocketed in afterhours because of these false rumors. During after hours, HMHC released a press release saying those rumors were completely fabricated and that they had absolutely nothing to do with those false rumors. HMHC's stock tumbled at opening bell(understandable).
Ask yourself: why are the people $GAXY are following on Twitter purposely spreading false implications of "GAXY being involved in the Boxlight/Samsung 'MimioConnect' project"?
$GAXY rised to 0.06 with a coordinated pump & dump scheme.
Is it any coincidence that $GAXY's press release result in shorted days and that their press releases sound "desperate"?
