Raadr Inc (RDAR)

[Let's See The Profits]

Yes, Orlando and the CBO of Mexedia did sell shares during the price rise, but that alone is not inherently illegal as long as disclosure rules are followed. Orlando filed properly, and while the CBO was late in filing, even that would only draw fines or administrative sanctions from the AMF, not a trading suspension. What the AMF would be looking for are irregular disclosures, misleading PRs, fake earnings, concealed conditions, or promotional activity designed to mislead investors. If you look through the company’s PRs from March through September, there’s nothing promotional in them, nor anything that would reasonably cause a massive rise in price. Very little Almex internet chatter. The reality is that Mexedia’s situation was improving, and that could have put pressure on anyone holding a short position. That’s a far stronger explanation for the abnormal price action than any insider misconduct. In fact, if you consider Almex’s trading history, IPO spike to €72, then down to €1, there very well could have been a large short position established along the way. If those shorts got caught flat-footed when the stock ran from €1 back up toward €88, then naturally insiders would see that price action and decide to take some profit. That’s not manipulation, that’s rational behavior in the market. At this point it’s just a matter of waiting to see what the AMF determines. If they conclude that there was no misconduct and the move was the result of a squeeze, all the better. Orlando’s reputation remains intact, the company can move forward, and the stock should see a strong rebound once clarity is provided.