PM,
No.
The 'group' entered a flood of orders. Channeled through a single broker-dealer.
Single-source. As anything other and the manipulation wouldn't have executed successfully. Had to be a single source. Otherwise the situation would've been as previously. The sell side. The profit-taking. The buy side. The loading up. Across-the-board activity. Multiple broker-dealers involved. No hint of nefarious intent. A party(ies) exiting. A party(ies) entering/adding. So on.
The plot wholly succeeded. But only by virtue of eliciting a mass MM reaction. MM's seeing the change in order flow. Massive. Single-source. MM's being well-acquainted with the realities of the venue. Being no longer interested in going long. Opening, instead, short positions. A vested financial interest in maximizing the down side.
The charge off the bottom being reflective of the overall sentiment. That all is indeed well. And it is. Lots of clear-thinking folks loading up at lowest possible cost. Taking full advantage. All the way back to $0.17 at the Close.
Our coming trading week poised to see the continuation.
Cooler heads prevailing.
And just chalking it up to experience.
Lesson learned..
While bearing in mind that, in their own way, the events of the day were a blessing in disguise. A temporary lull in the SPNG 'onward and upward' proceedings in exchange for a far greater degree of understanding across-the-board. All involved parties/to-be-involved parties gaining valuable insight into the truth surrounding their SPNG investment/pending investment.
The manipulation. The fallout. A plus/positive in disguise. With market level poised, as a result, to advance at an even greater pace than was the case previously.
And, particularly, following the arrival of the PR.
The one in which management clarifies. Formally setting the record straight. Nothing untoward going on from the inside. No investigation. So on. A management team to be proud of. Being hard at work bringing value to shareholders. Themselves, very much, included. Value of the seriously tangible variety. Getting the job done.
Onward and upward indeed.
And thank you.
And best of luck to you too.
AI
