Who pumped the stock up the first time in 2019? Remember when the price rose quickly on no real news and then fell again quickly? I believe that Ben suggested it was a group in Great Britain that was behind the quick rise and quick fall.
I don’ t have any idea who might be trying to execute a pump and dump. It’s a big world and anybody anywhere can work this sort of scheme. Not only that, I have never said this was actually happening. Just that it is one of three possibilities.
You seem to be having trouble understanding the idea of enumerating all of the possibilities as a way of evaluating the significance of an event. Mojo claimed that Friday was a “wake up call.” That suggests something important was going on and we all needed to pay attention. I believe he even hinted at insider trading.
My point was that there were other explanations for what happened on Friday that did not involve insider trading and therefore the share price rise was not all that important.
As of today, I still don’t know the answer to whether this was an important event or not. If, two months from now we are still awaiting news and the price has sagged back to 3 or 4 cents, I’ll be inclined to conclude whatever happened was not all that important. The investor will look like someone with more dollars than sense — my stupid investor possibility.
If the price rises quickly in the next few days and then crashes back down, I’ll be more inclined to suspect a pump-and-dump scheme. Once again, what happened on Friday will not be important in the sense of KBLB being a good investment.
If Thompson announces major news this week or next, I’ll be inclined to go with Mojo’s insider trading explanation and Friday was a harbinger of good days ahead.
Hope this clears up the idea and value of considering various possibilities as a way to reflect on the import of an ambiguous event.
SMH
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