Share Price Manipulation
posted on
Mar 15, 2011 09:34PM
I am of the view that the price is completely manipulated through in concert activities. As far as I can see there are only 4.8 million shares which might be traded and if these are all held by friendly hands i.e. associates or persons linked in some way, persons who are part of the plan, why would any shares be traded. Sorry, just enough trades to establish the monopoly money share price.
Once the paper exchange is done in addition to the 114,630,210 shares a further, if warrants and options were all exercised, 188,384,739 will have been issued and those not yet held by the in crowd will start coming onto the market. Likely there may be no new buyers, other than the in crowd, when the WTG new shares start being traded. Easy cheap pickings. However it seems to me that the controllers will want the WTG paper to revalue relatively quickly as they will want to use their paper for future acquisitions and a high capitalization for fund raising purposes. If you have the stomach to stay the full ride you could get a reasonable price for your WTG shares.
If anything naughty has been done I’m suggesting this is where the nasty smell is coming from for my nose.
For those of you who have the time and inclination please read up on the subject and let us know what conclusions you arrive at. Regretfully I don't have the time.
As defined by the Canadian Securities Administrators in their 2009 Enforcement Report “market manipulation involves efforts to artificially increase or decrease a company’s share price. Examples of market manipulation include pump and dump schemes, high closing activities and volume manipulation.” Please see Canadian Securities Administrators Avoiding Fraud web page for more information on these and other types of investment and stock market fraud: Want more information? Inform yourself on your money and your investments. The Canadian Securities Administrators and their provincial and territorial partners have put together a wide range of investor tools, including the "Protect your money: Avoiding frauds and scams" guide you can access and use free of charge by following this link: CSA Investor Tools. You can also visit the federal Competition Bureau's Fraud Prevention web site for useful initiatives, resources and other important information. What do you do if you feel you have been a victim of stock market or securities fraud or scam? What should you do? Who should you contact? Follow this link on reporting scams and frauds: Reporting Scams and Frauds.
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