I agree one thing you can always count on is people dumping what they dont understand I can only asume that the merger candidate would rather see the price go up not down hence buy back would be the better choice and people are just playing into their hands jmo glty
It's a paradox, the more the pps goes down, the more shares they will need to complete the merger. They have been pumping this to get the price up to complete the merger, it didn't get to where the gold company needed it, so now they need more shares. Same scenario as Textraw.
The promoters have money on the line and if minammo paid the promoters (probably 50k as usual) and dumped at the same time.....it's bad for business and the promoters can't sell out meaning they'll be fighting the diluted shares too. Minamoo couldn't care any less about shareholders but they wont cross promoters imo