3M volumes9 Sep 2024 19:19
3 million pieces exchanged, at this SP level we are talking about 700,000 GBP. Peanuts, literally. The whole day minuscule selling positions have been added relentlessly, total manipulation visible to anybody, and with no one, literally no one saying a single word about it. Apparently the BoD is very happy about it. Sometimes I wonder if this price manipulation is promoted by the BoD itself, with the purpose of delisting the company for peanuts, when the day comes. Considering TLW is worth about 350 million vs 1.6 billion debt, I honestly wonder why this price manipulation should not go on until the SP is in the single digit range. Why not? 700,000 GBP per day is definitely worth the effort. 100,000 or 300,000 GBP capitalization makes not a big difference considering the amount of debt left to be paid. They can literally do whatever they want and short it down to 0,1 GBP because the complacent silence of the BoD is quite telling: they are happy with this price manipulation, they won't move a finger to stop it. A delisting would be a very profitable outcome for them, once the SP is brought down to zero. Scary perspective for little insignificant retailer owners like me.