InvestorsHub Logo
Followers 239
Posts 12034
Boards Moderated 0
Alias Born 08/14/2003

Re: jesster64 post# 660679

Tuesday, 01/02/2024 1:20:06 AM

Tuesday, January 02, 2024 1:20:06 AM

Post# of 688477
Jester, I believe you're right. The question may be, if you did sell after spoofing was deemed to be the cause of a major price drop, could you file to get a part of the gain awarded NWBO, or would you have to sue the MM's based on what was proven in NWBO's case. I don't know that NWBO would pay investors who sold at the time, I think they'd have to make claims themselves, possibly directly through Posner as a class action, or perhaps by joining the suit. I'm not a lawyer, this is just a guess, but if I had sold when the MM's brought the company down, I'd probably contact her office for guidance.

In some way, even when NWBO is selling at double digit share prices we'll all have lost a bit due to the spoofing. Why? Because NWBO was forced to sell far more shares to get the needed funds then they'd have had to if the price was dramatically higher. On the other hand, those of us who added on the weakness in the share price could actually come out ahead because of these actions.

Gary
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent NWBO News