Impossible to disagree. EVERYTHING is possible. As a matter of fact, what you say fits a scenario I alluded two a very long time ago calling it a "reversed scam".
For whatever reason, Matin keeps issuing unverifyable informations (except for the fact that he does business shows and get some hard to figure out deals with some other companies), knowing darn well that doubtful speculators (actual or potential), in doubts,will buy or buy on positive news and sell on rumors or even long silence from the company.
I do not know what Matin is up to but he for sure succeeds in (directly or indirectly) manipulating the PPS for reasons of his (your hypothesis being one possibility.
Assuming this is not a disaster in the making (Kind of doubt that myself) Matin and his close large shareholders (they do not have to speculate being insiders or close to them) will one of these days have to come out clean if they want to cash in expected gains. The question is how patient can they afford to be? Months? Years? Who (but them) knows?
Another question is: Could it be that Matin and his close one are trading? Honestly, considering volumes traded each day (let's say 50,000) and recent PPS fluctuations (let's say $0.40) I do not beleive that to be a plausible scenarion. At best, someone very active and lucky could clear less than $100,000 or so a year, playing that game. I doubt this to be their plan.
I much prefer to beleive that accumulating low price shares(thru getting back shares from the market or, as you say, issuing new ones) the future gains could be quite interesting for them.
On the other hand, may be (who knows again) the whole story is a lie and these shares will endup being worth close to nothing.
