Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
One option for share holders would be big farm out AST keep a stake in the field and then go on to a perceived environment friendly energy project in Slovenia that gets EU funding too. Employing Colin's local knowledge of permiting.
Or maybee Bears
Bear raids effectively involve a concerted effort by an individual or group of people betting a share price will fall. In some cases they will even seek to force the price down by publishing negative information and reports about the company. Typically this approach will only work with less liquid small cap stocks which are not widely followed or understood or perhaps have a complex business model.
https://www.sharesmagazine.co.uk/article/get-clever-with-short-selling
https://www.lexology.com/library/detail.aspx?g=1b39b670-363a-4195-acff-c1c90638ed55
Paid bashers -
The shorts will hire paid bashers who "invade" the message boards of the company. The bashers disguise themselves as legitimate investors and try to persuade or panic small investors into selling into the manipulation. (Click here for Confessions Of A Paid Stock Basher).
https://seekingalpha.com/instablog/11442671-gerald-klein/3096735-anatomy-of-a-short-attack
Flooding the market with shares requires foot soldiers to swamp the market with counterfeit shares. An off-shore hedge fund devised a remarkably effective incentive program to motivate the traders at certain broker dealers. Each trader was given a debit card to a bank account that only he could access. The trader's performance was tallied, and, based upon the number of shares moved and the other "success" parameters; the hedge fund would wire money into the bank account daily. At the end of each day, the traders went to an ATM and drew out their bribe. Instant gratification.
By repeating this process the shorts can put the stock price in a downward spiral. If there happens to be significant long buying, then the shorts draw from their reserve of "strategic fails-to-deliver" and flood the market with an avalanche of counterfeit shares that overwhelm the buy side demand. Attack days routinely see eighty percent or more of the shares offered for sale as counterfeit. Company news days are frequently attack days since the news will "mask" the extraordinary high volume. It doesn't matter whether it is good news or bad news.
The shorts manipulate the laws of supply and demand by flooding the offer side with counterfeit shares. They will do what has been called a short down ladder. It works as follows: Short A will sell a counterfeit share at $10. Short B will purchase that counterfeit share covering a previously open position. Short B will then offer a short (counterfeit) share at $9. Short A will hit that offer, or short B will come down and hit Short A's $9 bid. Short A buys the share for $9, covering his open $10 short and booking a $1 profit.
Flooding the offer side of the board - Ultimately the price of a stock is found at the balance point where supply (offer) and demand (bid) for the shares find equilibrium. This equation happens every day for every stock traded. On days when more people want to buy than want to sell, the price goes up, and, conversely, when shares offered for sale exceed the demand, the price goes down.
There is website that talks down this share and questions the finances,etc I posted a reply when published and again for counter balance. It is still awaiting moderation and appears as 0 replies.
It is likely that one of the self styled white hats of AIM was involved an informal approach for finance and was snubbed. Miffed by not being an insider (which is what they want for there own ends too) on the placing whilst long; and placing started a short attack.