THESE individuals engage in self-trades to create the appearance of high trading volume and activity, often to manipulate prices or create a false impression of market interest.
THEY are often lend a helping hand by bear raiders, either an individual or a legion of deceptors, who drive down the price of a security by selling large quantities, often to profit from short positions or create panic selling.
ON March 24, 2025, these rogue elements were on fully display, READ : tanking the MMAG Bhd shares by as much as 22.4 per cent.
SMALL time investors, got more than their fingers burnt, by the events of the day, which nearly erased MMAG year to date gain of 25 per cent.
A day latter, on March 26, 2025, via a direct business transaction Farhash Wafa Salvador Rizal Mubarak acquired 462 million shares or 20 per cent of MMAG Bhd for 40 sen a share or RM184.8 million, via a loan from kredit komuniti entity, Velocity Capital Bhd.
The shares were purchased at a 65 per cent discount. The question, Malaysia should be asking is, who pressed down the shares, and were they privy to information, the rest of us, were unaware off?
OR did the tanking of MMAG Bhd shares, took place, merely to facilitate the off shore market trade on the 26th of March.
THE Securities Commission and Bursa Malaysia's silence is beyond deafening. The silence is VIBRATING.
