So would anyone like to have a guess why HC has become so toxic in the last few days? Is it pending news? The shorters are getting burned? Or that recent Market Herald article that has ruffled some feathers and them and both HC have set the wolfs on us?
Hi Rocket. Interesting question that. Last night with sunny123 etc posting like a rabid dog, [something like 300posts? ] and ***************** (TMH) Boss plus several Management did (stupid) posting false downramping garbage on Twitter about Brainchip it just got out of control for them!
sunny123 I suspect was tripping since he posts 18 hrs a day and lost the plot. Said a lot of very incriminating stuff he did. I screen saved most of it.
Basically an organized criminal syndicate doing Activity Shorting on various HC listed stocks. They got greedy with BRN this last shorting campaign and sloppy.
I can see two scenarios here -
#1. Word of the pending DTC filtered through from the USA and they made a move to Short before it was Announced.
#2. They had this Activity Shorting planned and had hopes of dropping the SP significantly down to say 70c (yes) but now are stuck (perhaps) when it did not drop past 9% AND an Announcement regarding the DTC came out aftermarket. Little chance of down ramping this stock here now after the Announcement. ( IMO)
The downramping by sunny123 etc, Twitter false info and the Article by TMH have now all stalled because of the amount of RESISTANCE that shot up last night on HC and Twitter. Everybody pushed back against it all and as a result it became a big big mess for them. Add in sunny123 ramblings that are "very informative" about what they were doing both with BRN and have in the past with other stocks like NVX etc. he self incriminated both him & the others in these actions. Wish I was a lawyer as I would take this on legally just for the fun and clean up some "leaches".
If this "Shorting" campaign manages to continue and sunny123 promises of dropping BRN 40-60% come to pass, then it will be gloves off period!
Everywhere you turn in the Aust Financial sectors its corruption, manipulation and downright stealing of ordinary peoples money thats been "Entrusted" with Professionals and Institutions. Sickening.
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On another note this inclusion on DTC network is really big. with time incredibly big as important as a contract with Samsung would be possibly.
HOW?
It gives investors from 130 countries through their Brokers/Banks/ Funds direct access (?) online to purchase Brainchip stock.
ANYWHERE ON THE PLANET , literally.
Talk about future DEMAND for our stock which we only have a small 1.7 bil total SOI.
One result only IF your product is right, exclusive, unique and in incredible demand.
Price goes up, up ,up and shares become exclusive.
Also with so much trading/purchasing around the world, attempts to short campaigns here in Australia (ASX) should fail. There will always be Arbitrage potential somewhere O/S that stops irregularities like this. One night and it should "pop" back up next day. (theory anyway).
Ok enough its been a full day, great to have a new Forum and that Announcement. see what developes tonight in US & EU.
Tonight BRAINCHIP really enters the WORLD MARKETS
.
I'll tidy up the look and feel before creating all other stock codes and then inviting more folks over. Meanwhile, enjoy the "safe place" for BRN
