Hang on to your hats, everyone. Always do what is
Post# of 178
Bear raid
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A bear raid is a type of stock market strategy, where a trader (or group of traders) attempts to force down the price of a stock to cover a short position. The name is derived from the common use of bear or bearish in the language of market sentiment to reflect the idea that investors expect downward price movement.[1]
A bear raid can be done by spreading negative rumors about the target firm,[2] which puts downward pressure on the share price. This is typically considered a form of securities fraud. Alternatively, traders could take on large short positions themselves, manipulating the price with the large volume of selling,[3] making the strategy self-perpetuating.
Source: https://en.wikipedia.org/wiki/Bear_raid
Does any of this sound familiar?
No one at InMed has denied the deal. It's all over the internet, CEO signatures included - not to mention shareholder calls and visits. And no denial from Flagship about facilitating the deal between both parties via financing.
So if no formal party has publicly denied the deal, or filed suit for fraudulence, what tangible and irrefutable evidence do we have that this is not on the up and up? So far, none. 8k needs to come out, and some extra communication would be nice, but nothing definitive is showing this deal to be illegitimate.
Know what you own, know your personal limits(entry and exit points), and know who(and what) you are dealing with.