One thing particularly interesting since the 2022 RS was the fact that with each announcement of offering the price of the stock would immediately drop 50% or so. That's before such an offering was even closed. Before new shares hit market. Then, because of the exact mechanism I described in my last post the price would be naked shorted another 50% post offering. So if the price was at 50 cents on announcement of a forthcoming offering, offering price then occurred at .25, and then closed out at 12.5ish post offering. There it stood for awhile until the next halving at 4.7 cents. No negative news was released by the company to justify these drops, it just dropped because it could. However it did this repeatedly showcasing a pattern which shows purpose and collusion. The one major anomaly was when the stock was trading in the 8-9 dollar range and the offering was announced, for some reason at 5.6. Look at the trading history. The stock price hit a high of $12.14 in the 3 trading days before the offering price was announced at 5.6. Then the next day the price halved the previous days low to the low 3's. Funds naked shorted into that offering from as high as 12.14. SEC needs to investigate the trading that has occurred in regards to SINT and the short & distorting thats gone on via social media.
To keep interested buyers away, funds point to how poorly the stock has traded while ensuring it trades that way to support these types of posts, cyclical in nature. Outside of that shorts mostly have to employ deceptive pratices in their posts. These deceptive practices would not be necessary if the company was as bad as they would have people believe.
Take for example this post on ST.
Sintx isnt a scam in the first place. It does have to raise funds via markets to fund R&D no doubt. But this same poster would have people believe that the company has no products that it's selling. That its a shell company. Not that the company has a material that is "destined to become a leader to replace titanium and other entrenched biomaterials". That quote is backed by scientific study completely unrelated to Sintx. Research into the company Implex to see a comparable materials valuation at acquisition. Take note though that Implex acquisition costs were over 200m with 108m being upfront and the rest coming over the next two years as sales milestones were met. This company had 5m in revenue when Zimmer announced its partnership with it. It had 1 product on the market with several pending when it was acquired in 2003.
The rest of the statement is true in the sense that the more the stock price is driven downward the more shares are released per offering. What's missing from this statement however is the fact that its the hfunds buying the offerings that are benefitting from the massive expansion of shares per offering and each reverse split. This is because they short into every RS knowing another offering will come.
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