>>77802219Since no one fully explained this, I'll take the bait and do so.
Insiders know the stock is a dud.
Right now, they're trying to drum up interest and, more importantly, investment in the stock.
They'll point toward things that are ostensibly good, like the concert events.
They'll also highlight how the company promised they'd be on track to meet Q4 expectations.
Insiders know this is all bunk, but that doesn't matter. The price is all that matters.
They already have their positions set to be sold through an off hours broker, and preferably running it through a dark pool.
This will give the plausible deniability that they are engaged in insider trading.
When the market goes live the next day, you'll see the price drop like a stone to the circuit breaker.
From the outside, it looks like the stock spontaneously combusted, but the reality is the price was dropping all night long.
Those investors that got snookered in the past week will be left holding the bag.
And before you ask, yes, this is all perfectly legal, as long as you follow this exact strategy.
And yes, our global financial institutions are really that much of a dumpster fire.
