RE: MARKET ABUSE???16 Feb 2022 07:06
MARKET ABUSE???Today 21:06
I'm a LTH who reads this BB daily, but very seldom Posts. However I very much appreciate the very informative posts of a number of participants here including Snowking and Acker.....now he's finally "come on board" :-))! Mr Acker.....please accept, absolutely no disrespect intended :-)) Like many others, I am very interested in your views!
It is what I consider to be today's ABSOLUTE MARKET ABUSE which has caused me to make this Post!! I am a LTH in PREM, so of course I want the company and its SP to prosper! I should alsom make clear, that I have the benefit of having some very smart contacts who (far better than I) are able to analyse and interpret what is actually going on in the Market Makers trading forum!!!!
So it is as a result of the CRITCAL and DISTURBING INFORMATION I have learned late today, which causes me to feel compelled to make this Post. The points I would like decent investors in PREM to be aware of are the following:
* A totally false claim was made this afternoon stating that an RNS "was out" that PREM had announced a Placing. [I have seen a copy of that statement!!!] Of course PREM has not done that!!! THAT IS MARKET ABUSE!!! What will the FCA do about that????.........good question!!
* Just think. Why would a Placing be necessary when it's "common knowledge" that a JV or similar arrangement is imminent?
* The massive selling stared at 14.24h shortly after that statement was published!
* Was that orchestrated or what??? Personally I'm convinced it was!
* Nothing has changed so far as the company's fundamentals are concerned, between 14.24h Tuesday and one hour later!!! However, due to MARKET ABUSE, the share price dropped about 40% in just over an hour!!!
I also acknowledge the following points:
* Due to intesnsive buying by certain parties "behind the scenes" during the past several days, the SP had run up rapidly!
* Some would say a "correction" was due. That's quite logical!
* However, a SP decline of about 44% in one hour???? Really......hmmmm
* So who are the guilty parties here? Information is being communicated to those responsibile for policing Market Abuse!! So will the FCA take any action? I doubt it :-(( How awful is that! That as a PI I have no confidence in those paid handsome salaries to uphold the law, that they will not do thier job and take action in this obvious case of MARKET ABUSE???
So my personal conclusion of this situation are these:
* There's been a very successful "short attack" on PREM!
* It has no relationship what so ever to the fundamentals or prospects of PREM!!
* I am questioning if there has been colusion by "interested parties"?? I think there has been.
* A JV (or similar) announcment is "imminement" and unaffected by this evident MARKET ABUSE!
* So IMHO it has presented genuine LTH's (who have the funds) with a rare opportunity to "buy low"!!!
GLTA genuine LTH's NK