Pretty serious claims - 'the Company and its management engaged in operations contrary to the public interest and not in keeping with sound public policy' ....'Company (i) through a top executive and other intermediaries engaged in trading intended to artificially inflate Agria's stock price........ and (ii) provided incomplete, misleading, or false information in connection with investigations related to these issues.
So controlling shareholder who has directors on the PGW Board might be a bit dodgy
I don't like that .......a big red flag to me
Last edited by winner69; 05-11-2016 at 03:25 PM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Pretty serious claims - 'the Company and its management engaged in operations contrary to the public interest and not in keeping with sound public policy' ....'Company (i) through a top executive and other intermediaries engaged in trading intended to artificially inflate Agria's stock price........ and (ii) provided incomplete, misleading, or false information in connection with investigations related to these issues.
So controlling shareholder who has directors on the PGW Board might be a bit dodgy
I don't like that .......a big red flag to me
Is anyone surprised.????????
I think a lot of us would be happy to see Agria's 50.5% shareholding revert back to NZders.
>>top executive and other intermediaries engaged in trading intended to artificially inflate Agria's stock price...<<
I have watched closely to Agria's share price. Every day i had checked the daily chart. We have never seen any actions that have inflated the share price.
We have seen on almost every day small volume at the end of the trading session. And we have seen short seller Actions on nearly every day.
It is calming that Agria's largest asset is in New Zealand.
>>top executive and other intermediaries engaged in trading intended to artificially inflate Agria's stock price...<<
I have watched closely to Agria's share price. Every day i had checked the daily chart. We have never seen any actions that have inflated the share price.
We have seen on almost every day small volume at the end of the trading session. And we have seen short seller Actions on nearly every day.
It is calming that Agria's largest asset is in New Zealand.
" small volume at the end of the trading session , almost every day "
Does that not seem a little bit suspicious ? I imagine fines for this sort of behavior could be pretty large in America . Not to mention the possibility of imprisonment ?
Maybe not so calming is the PGW's largest shareholder is Agria
What impact do you think it will have on PGW. Agria needing to obtain cash to fight the lawyers./law-suits..? PWG on the block as a result (plus what ever other companies they have bought into). Could we be looking at a significant sp drop... 50% - 60%?
" small volume at the end of the trading session , almost every day "
Does that not seem a little bit suspicious ? I imagine fines for this sort of behavior could be pretty large in America . Not to mention the possibility of imprisonment ?
These kind of manipulation were done by short sellers. You can track their activity on a daily basis here. Look for "GRO".
I have never seen small trades, or large trade during the past 6 month at the end of trading session. Therefore I'm 100% sure that nobody has manipulated the stock price to higher value. I want to make it clear, bause the NYSE accusation is of inflating the share price.
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Originally Posted by Agrarinvestor
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