Cann American Corp (CNNA)

[flicker]

On the point of stock manipulation, all stocks are manipulated, it is in the markets nature to do this.

I suppose it depends on one's definition of 'Manipulation.' The assumption most of us have when using the word 'manipulation' is that something untoward or even illegal is being played out.

I would agree that everyone hopes their strategy will pay off and submits information to encourage movement in their best interests. As long as the information is not deceptive in nature, a case could be made in predicting any stock's climb or decline and I don't imagine we are thinking of that sort of discourse when using the word 'manipulation.'

Since BFLX is international (Office in Denmark, Registered in US, Global Marketing) I've found these statutes from Danish and US Law which address the issue on legal terms. There are probably lots more and I know some are very specific when it comes to particular sorts of violations.

From US Law

§ 240.10b-5 Employment of manipulative and deceptive devices.

It shall be unlawful for any person, directly or indirectly, by the use of any means or instrumentality of interstate commerce, or of the mails or of any facility of any national securities exchange,

(a) To employ any device, scheme, or artifice to defraud,
(b) To make any untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading, or
(c) To engage in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person,
in connection with the purchase or sale of any security.
(Sec. 10; 48 Stat. 891; 15 U.S.C. 78j)
[13 FR 8183, Dec. 22, 1948, as amended at 16 FR 7928, Aug. 11, 1951]
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From Danish Law

Executive Order on notice, notification and public disclosure of managers' transactions, lists of insiders, notification of suspicious transactions, signals of market manipulation and accepted market practices (Executive Order on market abuse)
Executive Order no. 1179 of 11 October 2007

16.-(1) For the purposes of assessing whether orders to trade or transactions constitute price manipulation pursuant to section 38(1), no. 3 of the Securities Trading, etc. Act, the Danish FSA and market participants may take into account whether one or more of the signals of price manipulation mentioned in subsection (2) exist. If one or more of the signals of price manipulation mentioned in subsection (2) exist, this will not necessarily mean that the order to trade shall be deemed as price manipulation.

(2) The following signals of price manipulation may be taken into account in particular:
1) If the relevant orders to trade or transactions in the security undertaken by persons are preceded or followed by dissemination of misleading information by the same persons or persons linked to them.
2) If the relevant orders to trade are given or transactions are undertaken by persons before or after the same persons or persons linked to them disseminate investment analyses regarding securities which are erroneous or biased or demonstrably influenced by material interests.