BUD 0.00% 4.3¢ buddy technologies ltd

#theroadto10000 have we reached 100 yet?, page-176

  1. 645 Posts.
    lightbulb Created with Sketch. 103

    Hi Folks

    Just remember that the sophisticated trading houses who have backed the LIFX deal get the equivalent no. of BUD shares to the value of 24.5M, based on the VWAP in the 5 days leading up to the EGM that ratifies the LIFX deal. So, the lower the SP, the greater number of shares they get. So they drive the price down until after the deal date - getting extra cheap shares in the meantime from scared retail sellers - then pump it back up over the .08 cent CR number.


    High-stakes manipulation 101.


    Meanwhile, the poor ol' retail holders are capitulating into their money-trap. They did not get rich by over-paying for something that they could lawfully scheme to get more cheaply!

    Ponder this whilst you are selling out now...

    GLTAH


 
watchlist Created with Sketch. Add BUD (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.