RE: WHY? - Anyone?14 Dec 2018 10:41
I think there are lots of possible reasons but if this share price is being manipulated (I think it is being held down) then;
"by placing hundreds of small orders at a significantly lower price than the one at which it has been trading. This gives investors the impression that there is something wrong with the company, so they sell, pushing the prices even lower. Another example of manipulation would be to place simultaneous buy and sell orders through different brokers that cancel each other out but give the perception, because of the higher volume, that there is increased interest in the security."
"These false order techniques are often combined with the spreading of false information through online channels and message boards that other investors may frequent. The outside barrage of bad information combines with seemingly legitimate market signals to encourage traders to pile on or off a trade. The pump and dump is the most frequently used manipulation to artificially inflate a micro cap stock and then sell out leaving later followers to hold the bag. The opposite of the pump and dump is the less common poop and scoop. The poop and scoop seems to be used less because it is harder to make a legitimately good company look bad than it is to make an unknown company look amazing."