RE: Share and trade volume19 Jul 2018 18:00
"yes Micheal, the trade is a marker"
"KITT, this is not Placees leaving the building.
It's price manipulation of an illiquid stock."
"Yes Michael, someone is playing Simons Says."
"We need Devon to tells us what is happening, KITT."
"Devon here, Michael, after some discrete investigation, we have discovered that a secret group of hedge fund types are testing the free float of AXM. When they have the measure of the stock, they can buy up EVERYTHING, which will drive up the price, BOTH ASK and BID. This will draw the suckers in."
"The Chinese stock market has been played this way for years. The steady state price is 0.15p, but they will use multiple accounts to suck the MMs dry, driving the price up to, say 0.30p. Seeing the movement, innocent grandmothers will wade in and buy. The hedgies then dump theirs at 0.30, 0.29, etc. Assuming there are 200million shares to be picked up, and they buy at an averge price of 0.18p, then sell at an average 0.25p, they will have made £140,000. Michael, we must not allow this to happen, think of all the poor grannies."
"KITT, warm up, we are going to drive up those stairs, smash through the front glass doors of the FCA, and tell them how the crime is about to happen."
"But, Michael, why don't you just call the FCA?"
"You have no idea how useless the FCA is, if you don't punch them up, and dangle them over the railing 40 floors up, they will just file it under General Enquiries, and do nothing until they get renamed again, to something like Financial Commentary Authority, where they mark you down as naughty, and tell Santa to put you on his Naughty List."
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