I agree that the buying & selling of relatively piddly amounts most likely has nothing to do with tax planning.
But equally, I don't think it is overtly aimed at misleading "the average punter" because the average punter hasn't even heard of RWD let alone it being on their radar & that tiny group of average punters who do hold RWD have demonstrated over a long period that they are rusted on.
Perhaps it is part of the longer game of anti-propaganda that ensures no external interest in RWD ie virtually no news emanating from the bunker & what is released always contains something that reinforces doubt in the project eg. sudden resignation of CEO after a couple of weeks in the job without any explanation given, continually missed deadlines, PFS that has a 5+ year timeline to production (combined with a long history of badly missed timelines), mention of JV/offtake/investor interest that results in nought, etc etc
With a cashed up 'white knight' again 'lending' funds to the company & in all likelihood the company soon to need more (because the market profile, having been completely poisoned by decades of inaction, has left no other source of funds) , when the time comes for a call on the loans & RWD unable to tap external funds, the debt can only be swapped for equity ...... & so much nicer (for the note holder) to have the swap done against the backdrop of a completely decimated share price ie 10 million shares for every $1m lent instead of 1 million shares for every $1m lent.
"the cleverest ruse of the Devil is to persuade you he does not exist!” Charles Baudelaire, 1864
RWD Price at posting:
20.0¢ Sentiment: Hold Disclosure: Held
