Dec. 4 at 9:09 PM
$SLMT all makes sense now with the merger with Rockaway with the 60% dump from Nov 20th. Rockaway wanted to get 3x the shares on the ride back up so they manipulated this down 60% to
$2 then announced their all stock merger to get 82M shares.
Potential for Market Manipulation: For thinly-traded stocks, the large volume of shares made available through a resale registration can increase the risk of market manipulation. Some investors have an incentive to temporarily depress stock prices during the conversion period (if applicable) to receive more shares upon conversion, which can further dilute other shareholders.
