Replies to post #7163 on Manhattan Scientifics Inc (MHTX)

[VerminHex]

MHTX is broke and needs a 2ndry placement

Badly.

They own 64M shares of IBX. That alone has been supporting the PPS (with maybe some speculation on their ECAP metals). However, two days before IBX brutalized their stockholders (and MHTX's) by announcing they'll be dumping up to 327M shares outright, and possibly another 160M in options, somebody starts slapping the MHTX ask at .015.

MHTX has been in the business of private placements for quite a few years now. Traditionally they've been able to dump them around a nickel, but they're broke and need to get the PPS up so they can dump another X million shares to keep the boat afloat. Without that 3.5M share support at .015, MHTX would probably have tanked under a penny on the IBX news.

This looks to me like outright manipulation. We'll see when the MHTX Q comes out.

On edit: I always allow that there may be news in the pipeline, but even then the rising PPS indicates insider leaks. Otherwise, there is absolutely no reason for the upswing, and a hundred reasons for a downswing.