RE: 12.40 update - clawing back28 Jan 2021 14:23
@ Tradetime; I don't think you really understand what MM's do. They set prices between them. It's more likely to be that most of the MM's that make a market in this share believe that , if these were 30p 2 days ago, and then an investor with a very close relationship with the BoD decides to sell millions of shares, to me it says 2 things...
1) that guy doesn't really believe these are going to be taken out at the crazy high prices some people have been talking about, and...
2) that he doesn't believe any news is imminent - due to inside trading rules.
So, if these shares were worth 30p 2 days ago, after that guy's sale it's possible that these things are worth closer to 25p today. It's not manipulation - it's their job to set prices based on what they see in the market place. What would you do if you were an MM and a guy close to the BoD suddenly sold millions of shares? Mark them up?