Shenanigans13 Nov 2019 13:01
The recent shenanigans started with BMD tweeting incessantly about finding out about the upgraded volumetrics at WN and how he wanted to force UJO and RBD to issue an RNS to confirm it. You have to ask yourself why he did this? Was it to help private investors to make money or was there an ulterior motive? People are now saying that it was to try an create a lot of liquidity, i.e. to get private investors to buy stock, so a larger player could sell their holdings in both stocks. The price action in both UJO and RBD suggests that this was indeed the case. Does any one know who is likely to have dumped a large position in both companies in recent days?
Obviously many who sold on the spike now want to buy back the shares cheaply hence rumours about a placing etc. which is designed to try and get private investors to sell their shares and suppress the price. Anyone else care to elaborate on this theory?