Ray and Mynnlx, I am going to disagree with bot
Post# of 9122
I am going to disagree with both of you on your views of where the share price ought to be. I thought the one-share trade of the other day was simply an accounting correction but in looking at the $16 trade today, and further research in my holiday off-time, coupled with that one-share trade, I've concluded that the shares of Nanologix ARE and have been under assault. So my opinion is that we should be multiples of the current price based upon 2016's developments and announcements.
My belief is that there is at least one person and possibly a few people or a "club" who works diligently to further their megalomaniacal goal of putting NanoLogix out of business. They are obviously working with a corrupt broker or two to manipulate the market. How else could someone execute a seven-cent trade or a sixteen-dollar trade? Many brokers provide a limited number of free trades per month for an account, so there would not be a negative incurred for such small trade transactions. Still, there is no economic sense in trading one or one hundred, or two hundred shares unless it's a deliberate attempt to walk the share price down to discourage retail buying.
I believe the culprit(s) is RELLValue and his associates. Think about the trading pattern after news releases. The best news to date from August of this year regarding the N-Assay, presentations, expansion, patents, etc. and the price has been manipulated down on relatively small volumes.
I would like to explore initiating a class action lawsuit against the manipulators.
Anyone interested please contact me through the message service function here at InvestorsHangout.
After threats from RELLValue I have blocked him from contacting me.
Scott