InvestorsHub Logo

Det_Robert_Thorne

06/12/17 5:56 PM

#208090 RE: stock_clerk #208088

Could have something to do with $0.22 convertibles

Funny ppl selling shares of AXIM in hopes to drive down PPS so that MJNA stands less to gain by 2018- big fault in that idea though.


Or it could have something to do with the ongoing convertible debt being converted at $0.22/share. The debtholders have a lot of headroom to play with.

What I think they're doing to maximize their gain is selling small batches, then manipulating the price upwards before converting the next batch.