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Thursday, November 12, 2020 10:37:04 AM
with that said, funds will now have to buy RLFTF to match the index and they will not put up with OTC MM crap. They have the power and ability to make some calls to executives at some of the citadels of the world, etc. MM firms need the funds to buy and sell order flow for other equities. obviously there is more MM wiggle room though on a small cap index but manipulation can't be hid as well either
I do actually think this is a bit of a game changer though. funds have to buy the stock and are not flippers. they are term otherwise they could deviate too far from the index's performance. therefore, it adds a base to what GEM has already created. more importantly, it diversifies us away from only having one institutional investor, GEM.
Will it make the stock jump 50%? No, certainly not but it creates more stability to what was an OTC manipulated stock without a backbone
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