RE: Humble pie30 Nov 2021 19:49
One theory is this:
2nd September 2021. You announce MGC Pharmaceuticals Limited CimetrA import approval granted in India
8th September you place an inside 'short' at close the hghest price on the day achieveable. Maybe because it has been decided a placement is due down the line and the price is getting away too quick, and a higher placement price will not attract interest, so to make it attractive send out as much negative vibes as possible, play down MXC, say it has no future, beat on about competition, and get the price down as close the placement price of 2p, at least before 2nd December.
All this has to be done by 2nd December which is the 90 day period to the news on India. So no matter what buys come in you match it with a similar sell, to keep the price in check. Its no big deal as once you get the placement announcement done, you close out the inside 'short' for maybe 2.3p? as seen today? and bank 1p for your troubles? and now the stage is set - the news arrives, no more significant seller, just open road back to previous high first, and then the herd take care of the rest.
That's the theory anyway. Anyone got a better one?