NRI.TO is being gamed!
I was send a msg from a reader regarding what happened to NRI.TO when the stock dropped in value by more than half and two minutes later, went back to up hovering around 35 cents. So, what happened?
Luckily for me, when this whole mess happened, my cottage had no internet for over a day and a half, otherwise, seeing all this happening realtime I would have probably sold as the stock was plummeting and got a rope out of the shed! I would have died from a heart attack after seeing it go from 37 cents a share to 13.5 cents within just a few minutes!
So, what’s going on behind the scenes?
NRI.TO is a small Canadian company with lots of cash, good products and a big contract that is waiting FDA approval to enter the USA. For the past three months, the stock wants to go UP but a trader called ANONYMOUS is connected with a computer loaded with shares, and each time the stock goes up .005, it sells lots of shares to keep the price down!
This is direct manipulation of a stock, illegal! So, I called NRI and talked to their finance head, there was nothing they could do so I called the TSX who sent me to IIROCK, who are suppose to be the market regulators (market police). They took my information that I had gathered and did NOTHING to fix the problem. This is 100% illegal and has been going on for months and yet they do nothing so I sent them an e-mail asking them what I needed to do to get a job there getting paid crazy money to sit on my ass and do nothing. They didn’t reply back.
I have reviewed the bullboards etc. and lots of people lost lots of money while ANONYMOUS cleared close to 18 million dollars, got a bunch of stock for close to nothing and even got away with the whole thing while IIROCK plays dumb.
I’m looking foward to Nov 4th now, that is when, I hope, they get FDA approved and the stock shoots up!
Did you like this? If so, please bookmark it,
This is shocking – even with approval it’s below what it was pre-approval. Imagine what it would be if no approval: 10 cents?