If there is no one in the public willing to buy then they can not convert and sell a dang thing. Since I started trading in 2013 I can tell that the game they play is dying.
That's why they hire promoters. It's harder now, and less certain, but they're having some luck hiring "leaders" of Skype and Twitter "groups" to frontrun and then tip the play to their followers. Sudden volume of hundreds of millions of shares a day isn't at all unusual. It doesn't last as long as it did back when professionals were running the pumps, but it does permit insiders and toxic funders to dump.
I'd like to see it end, but so far it's just been curtailed a bit. It's big business, and the toxic funders stand to lose a lot of very easy money.
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