I would like to understand how this is not manipulation? Yesterdat down 12 cents on 400k when I saw buying on level 2 and today insane volume and up 2 cents...I like gophers explanations and welcome other theories but do not tell me this is not manipulation.
It's not, it was simply a prearranged trade. The company agreed with YMI to upfront X shares for nimo, they did, it was executed by a market manager at X dollars (looks like $1.65) for 3.1m shares approx. If someone put up 3 million on the standard market they would be insane. For one, there wouldn't be enough sellers to feed it, second, if there were enough, the price would be well beyond $2, and would come crashing back down again.