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Stock impact report

Inside a Canadian biotech firm's fight to prove it's a victim of ‘stock spoofing' [BNN Bloomberg (Canada)]

Quantum Biopharma Ltd. - Class B Subordinate Voting Shares (QNTM) 
Company Research Source: BNN Bloomberg
What was far more threatening, they said, was the company's experience on the stock market. The founder of the company, Anthony Durkacz, described how his company's stock price collapsed even as its products moved forward. “The fact that the share price was continually going down over these periods of time made us question (what was happening),” he said. “We had to start thinking that something was wrong.” That mismatch sparked the company's investigation into millions of trades across American and Canadian exchanges, pulling together clues to point the finger in a lawsuit against major Canadian banks. “We discovered that there's a stock manipulation tactic that's called stock spoofing,” he said. Stock spoofing is a market manipulation tactic where a trader places big buy or sell orders that they never plan to actually complete. The point is to trick other traders about where the stock market is heading. According to Durkacz, such tactics are difficult to detect where mos Show less Read more
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