News Focus
News Focus
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Doc logic

03/06/23 12:18 PM

#573646 RE: Grip it and Sip It #573641

Grip it and Sip It,

How were spoofers not warned when Linda and Les talked about them being brazen to the point that they might fall into a trap and that being reported on this message board? Seems they were warned fair and square even if a formal complaint had not yet been filed. No excuses for manipulators. Best wishes.
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$mith$on13

03/06/23 12:24 PM

#573649 RE: Grip it and Sip It #573641

MMs need to be warned by private entities not to engage in illegal trading mechanisms? This is an interesting line of thought.
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biosectinvestor

03/06/23 4:10 PM

#573721 RE: Grip it and Sip It #573641

The fact that it is systemic and repeated will show the nature of the illegal practices and increase the leverage of the company and the damages. Rest assured that they likely did not know exactly what was happening and their law firm likely worked with them to ensure the appropriate action was being taken when they discovered exactly the issue and when to file the suit.

Blaming the victim for being a victim is a good trick. It works frequently in politics. It won’t work here, in a court of law, where the acts themselves are illegal and appear to be a systemic practice of illegal activity to defraud the market by regulated entities that claim to have the public trust and effectively manage “the market”. If they are manipulating to benefit themselves and their special clients, that is something so fundamental, it requires full investigation and the company is well along the way in that endeavor.

It is likely only a matter of time before the government and regulators get involved and certainly the company should keep at it to make sure that occurs.

The desperation of the defendants in this case will likely only increase over time.
Bullish
Bullish
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learningcurve2020

03/07/23 9:16 AM

#573928 RE: Grip it and Sip It #573641

Precisely. If this is all true how many poor retail investors buying the stock were knowingly manipulated as management sat back and watched for years? Even worse, as someone pointed out here, management never once bought on the open market during said period as their PR encouraged retail to do so! Imagine that as they collected options instead. But the unknown warrant holders were releasing plenty of converted shares.

Citadel and the rest are wholesalers. They stack up shares when the market gets flooded and there's no real buying. As
Much as you all want to avoid the conversation I can almost guarantee you they were stacking up shares the warrant holders were releasing into anemic legitimate buying. If Citadel chooses to open that door to discovery I believe they're entitled. My guess is this will all quietly go away as time goes on. Perhaps some small settlement with no admissions.


>>Citadel claims its “proprietary algorithms are designed to maximize efficiency by continuously optimizing order placement and accessing our principal liquidity.”