I stumbled upon an insight while corresponding privately
I stumbled upon an insight while corresponding privately with another investor here:
The nature of the manipulation around NNLX has been to keep the share price from rising, but not to crash it. I wondered why the crooks weren't doing what was typical which is overwhelm the small number of buyers with a flood of shares sold short. After reading the "theintercept" article Kachingpdx1 posted, I think I have a plausible explanation.
The crooks have a significant unsettled short position in NNLX on their books and would have crashed the share price except for the fearful possibility that the Company survives and more importantly succeeds. Their strategy is to keep the share price from rising (thereby keeping potential new investors at bay especially on all the good news the Company has put out), but not to expose themselves further by increasing their liability. At some point, they will need to quietly close out their illegally established short position -- perhaps they have already done this to some degree, but at a glacial pace given how few shares it takes to move the share price.
I am excited by this possibility because it means these fu**ing crooks will get burned eventually and hopefully to a very large degree if news of significant N-Assay revenues or deals around the N-Assay and/or Flatpack proves to all those potential investors afraid to jump in (due questionable action of the share price after all the positive news) removes all doubt about the future of the Company.
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Nanologix Inc (NNLX) Stock Research Links
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