Karen,
Since July 1, 2013 (through 8/2), there have been 24 weekdays during which the market has been open and AUMN has traded.
After the close (4 pm EDT), there is usually a final “print,” perhaps a “market on close” transaction from which AUMN’s closing price for that day is established.
On 18 of the 24 trading days, AUMN’s post-4 pm EDT trade has declined from the prior trade. Of the remaining 6 trading days, the price was unchanged. There were zero days in which the price increased after the 4 pm close.
Sometimes, the volume is merely 100 shares on the final trade and the change ranges from –4.5 cents (7/11) to –.5 cents.
Examples include: 7/5 was –3.5 cents, 7/2, 7/10, and 8/2 were –3 cents.
One could safely assume that there is a very conscious effort to “paint the tape”—a highly illegal, manipulative violation of S.E.C. securities laws.
Please respond to the following questions:
1. Is management even aware of this blatant manipulation of AUMN’s closing price?
2. If so, what has management done to quash this behavior?
3. Have you threatened the complicit market makers?
4. Have you alerted the securities regulators of this activity?
Sincerely,
Silverbull50
**Source- Stockwatch