The MM situation described is illegal. So now ... the narrative is the ECSL MMs are participating in illegal activity to suppress the price of ECSL ... laughable. Not saying it doesn't happen cause MMs don't have the best reputation and money is involved ..... but the excuses for why ECSL doesn't go up are ridiculous. THERE HAS ALWAYS BEEN PLENTY OF ECSL STOCK AVAILABLE FOR SALE. It is simply a matter of whether buying demand overcomes the selling.
Of course MMs can see the order flow. They are responsible for processing the order flow but it's highly unlikely they are doing diddly with ECSL and surely not holding onto any significant inventory of ECSL for their own accounts.
Remember ECSL has issued millions and millions of shares over the past couple years to fund the company and pay consultants. Only why those people get their money .... is to sell. All they need to do is hold on for the required period and then they can do what they want. Ya think people like Robertson haven't sold shares ? How else would he get his money ?
How about another narrative ? Closure of the deal is pinned to a certain stock price and those that might be providing funding via stock purchases are selling in advance to buy at discount ? How about that ? ECSL dangling carrots ... get some people to buy the stock .... but selling into it ... in order to buy from company cheaper. Happens all the time in front of a raise with listed stocks as well.
You're welcome. As shares are not being sold by longs and the Company has actually been extremely frugal with share issuance, unlike 99% of OTC companies, it is clear that the attempt to manipulate here and with MMs which began last Weds is because they know the closing is upon us.
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