Exactly! Great post! Market manipulation is basica
Post# of 32646
This is why the SEC "isn't funded" to slap this type of activity down. Those fat cats LOVE market manipulation like this because the volatility results in large swings, from which they extract billions from the economy (from duped investors & flippers) and give back very little in return year after year. Big bucks for very little risk. The risk is MUCH lower when you have the ability to manipulate the market.
If these "fat cats" WANTED to stop fraudulent market manipulation, the practice would've already been hammered so hard as to make it a non-paying proposition. Clearly, they don't want it to stop.
The burden of doing this falls squarely on the shoulders of individual companies in most cases. Since they most often stand to gain very little from the cost of going there, they normally don't go there.
IMHO, the potential harm done to legitimate start up companies by just throwing them to the wolves often causes lengthy delays to some of the best products, services, and technological breakthroughs, the likes of which can result not only in massive economical gains but also can benefit mankind on a global scale.
It's been my opinion for years that the buzzards shouldn't be allowed to short the stocks of companies below a certain market capitalization, as long as those companies meet specific reporting/fundamental prerequisites which greatly increase transparency and reduce any likelihood that the company is scamming investors.
Anyhow, companies like Verb Technology will survive the gauntlet and go on to become hugely successful. As you already stated, this is just one last ditch effort by manipulating scum to short a stock that they know damn well has HUGE near term upside. The float is tight. They have their work cut out for them! lol