RE: sp wtf23 Mar 2018 13:33
Andybear, the company board cannot just buy shares publicly just like without informing the market. The Sp support is done in another way:
- Strategic financial partners have called and asked WTF is going on here since many weeks, and the BOD simply assures them that all is well and that the fair bottom should be 16ish and the fair current value 25ish.
This is why someone is starting to place 50,000 share buys all of a sudden.
- It is done through little infos and confidence leaked to friends of friends. They trhen support the share price, for instance by those smaller, 20,000 share buys, you see today.
- It is done with the help of market makers, who somehow are business partners of this company. They are also assured on the phone that all is well, so that they will buy up all shares that desperate smalltraders throw on the market.
- And there are many more ways to support the price, such as news release, without the BOD to touching a single share nor a single Pound themselves.
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"As the BOD have a number of shares between them, I would like to think support for the share price is a possible, after all they like us are investors, and as such would want to see the share go to low. Plus the MM's would no doubt want to hold a certain amount of stock."