I hope you are right although, it takes just two shareholders to easily drive the SP down quickly if they work together. Especially for a less known and out of radar company like Wuxian, share price could be easily manipulated without scrutiny.
I have been watching the purchase and sale of wuxian shares and realize the pattern is extremely suspicious. Whenever Wuxian releases a good new and share price starts to pick up, someone would dump a large parcel of shares to scare the market and to stop the momentum and the amount of shares would be then bought back the same day or following day. It has happened plenty of time. By doing this, the share price could go down without the cost of the sellers and they would consequently TOP UP the share from other shareholders.
In the meantime, The escrow of the CDIs has ended on 08/10/15. Although the majority of shareholders agree to go into voluntary escrow for another year, it is still an opportunity for the share manipulators to work together again to drive down the SP given that, there are still more than 100 million shares which are not part of the voluntary escrow.
I reckon, the SP would go down to 10 cents or even more before the launch of cloud- based POS platform with UnionPay
NNW Price at posting:
15.0¢ Sentiment: Hold Disclosure: Held
