Listened to the call yesterday and I was expecting a big discussion here on the “dumping” issue.
Sometimes it was a bit difficult to fully understand S but my conclusions from the answers to TF´s questions was something like this
• According to Solomons rough estimate only like 25-30% of all issued financing shares during 2012 went back to the market
• This figure for shares issued in Q1 this year would be even less
• Solomon and his team had made their own study of market activities to understand what´s behind the supply and low share price, he gave us two reasons:
1. The China stigma in the US issue…
2. Market Makers manipulating the stock
This conclusion does not go well with the overall generally agreed explanation on this board, that basically being that the supply is coming mainly from dumping, with some accompanying shorting.
could Solomon by right? Could all of this be because of MM manipulation, or is Solomon wrong??
If he is right though, I guess FN will be a big thing
Any comments on this?
Thanks