I do agree that there is a crazy conspiracy going on. Sure the downsize rating will drop the price as the share market is sum up by a lot of speculating investors. But... since late August, the price dropped from $5 to $4.xx and another drop to $3.9x then to $3.6x and now to like $3.4x.
I bought the company shares to support it and to raise a bit of funds for myself.... and I bet that many long-term holder of this company shares are feeling the same.... rarely or almost impossible for us regular investors to dump this massive volumes of shares at this price and this quantity. I witnessed closely the pattern of trading on the sell-off day in late August and today are the same. There was a massive drop and a raise in price and then massive drop again. I think whomever doing this is doing a step down from dumping to secure his money by the percentage loss... dump-pump- and dump it all. Like other comments, most likely is a fund trying to get rid of the $5.28 shares (4-1 in offer) as he/she no longer think that offer worth it.
During that time, the chairman only secured enough extra proportion for his 39%. But imagine if a fund is now trying to get rid of his extra portion or even all of it. He did that because he was reacting to the news. Massive supply reduced the demanding price and because this company doesn't catch alot of investors attention, so when one big whale dumping just look like everyone is selling off.
Just my 2 cents conspiracy theory.
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