It only seems like it's manipulation when you are on the wrong end of the trade. When you are on the right end of the trade you views are more towards patting yourself on the back claiming how smart you are.
What you are actually seeing is the market maker buying toxic shares from financiers under a pre-arranged plan. Market maker has to buy them, it his job. Then he resells shares at a small % gain to retail bag holders like yourself for as long as he can. You have to remember the toxic shares have been converted at prices ranging from .025-.06 so those guys still making big profits in exchange for their cash given up front to the company.
Sounds like you may be another guy who has several million shares and can't figure out why this stock isn't acting normally.
One thing this management is doing is telling you in advance how they are going to #$%$, how many shares they will dump on you, and when they will dump it on you. The 8-K's lists the dates and the conversion prices that toxic financiers get. Usually 50% discount to lowest weight volume average....so they get shares at 0.025 - 0.06 . Wouldn't you lock in 100-200% gains if you could? Those who are buying in the open market are playing right into the hands of the toxic financiers.
Toxic financiers are waiting in wings to dump their stock. In other words they are waiting for people to buy. This isn't as slam dunk as you are leading people to believe.
I'm no fan of this company...but your facts seem to be a bit dated. The machines are no longer in the picture. They sold all of one machine in four years. No longer selling them. The first crop will be hemp, then the next crop will be pot. They have several toxic financiers...O/S share count nearing 100 million and they just bumped A/S share count to 400 million. Most revenue right now comes from Vape division who unfortunately just had to recall it's MiVape product due to many defective issues, this after 4 years of planning, and still waiting for replacement units to arrive from China.
While I agree that a $14 buyout price is a steal for the acquirer, I think any white knight won't initially pay more than $1-2 above this price. It's a negotiation after all. PGI was on a path to the low $20's but it would have taken at least a year of perfect execution.
Maybe Siris winds up paying $17/share after it's all said and done. That is why I'm holding.
Vape currently accounts for most of the Medbox revenue.....it's new model miVape has been delayed 3 1/2 years due to development, production delays and whatever else the company could make up...finally debuts on July 24, 2015 and in early August sales are stopped due to many of the units being DOA and just overall flimsy quality. The company had to pay return postage to get sold units back and also had to create new production units with many fixes to them. Those new units are still in China with no ETA.
Don't you wonder why this hasn't been disclosed? Seems pretty material to me. The shareholder letter would have been the perfect forum to come clean with it.
Anybody that Vinny gets involved with is going to have problems ...especially with a guy who worked at Medbox while all the shenanigans were going on.