Possible reasons for share price?
posted on
Mar 27, 2018 12:41PM
Combining Classic Mineral Exploration with State of the Art Technology
The share price looks pretty ugly but Im in it for the long run. However it does make me wonder why people would sell at such a low price (especially with the possibility of the news we have been waiting on to be potentially realeased at any time). First, my regret is I dont have liquid funds available today to snatch up a ton of shares at these prices- which may be one reason the price is so low. It could be possible someone needs cash immediatley and is willing to take a loss. Ive looked up some other (nefarious) reasons why someone would want to drive the price of stock down, and there are more reasons than I realized. The one that jumps out the most to me (from Wikepedia, which I am only using their explanation because I like the simplistic wording):
Stock bashing: "This scheme is usually orchestrated by savvy online message board posters (a.k.a. "Bashers") who make up false and/or misleading information about the target company in an attempt to get shares for a cheaper price. This activity, in most cases, is conducted by posting libelous posts on multiple public forums. The perpetrators sometimes work directly for unscrupulous Investor Relations firms who have convertible notes that convert for more shares the lower the bid or ask price is; thus the lower these Bashers can drive a stock price down by trying to convince shareholders they have bought a worthless security, the more shares the Investor Relations firm receives as compensation. Immediately after the stock conversion is complete and shares are issued to the Investor Relations firm, consultant, attorney or similar party, the basher/s then become friends of the company and move quickly to ensure they profit on a classic Pump & Dump scheme to liquidate their ill gotten shares.
And we all know LBSR has recieved more than its fair share of bashers. But, like I said, Im in it to win it. Its only a matter of time before the tide turns