Xalles Holdings Inc (XALL)

[Slimjim48]

After 16 months of MM front running I’m surprised it hasn’t happened sooner. Huge profits have been generated by them for their firms accounts….. AT THE EXPENSE of RETAIL. Not to mention the naked shorting of Xalles and the accumulative impact of dilution. My guess, is that offshore brokerage firms, which are not regulated, have further damaged Xalles.
Playing into the hands of these unscrupulous marker makers are the retail investors the buy using ‘stop loss’ price points…..”don’t do that”…..in general.
I think there were/are counters Nash could have taken to reduce the manipulation , but obviously he chose not to. In 2003, I think, 58 stock brokers and corporate executives were indicted for stock manipulation. It took at a minimum , observation , to ‘smell out’ the foul play. As I write, it’s a good bet, Thomas Nash doesn’t even know the PPS of his stock.
For market makers…. the last year has been the ‘Perfect Storm’. There’s another one coming…..I think, but Nash will have to do more to excelerate PPS.