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PP manipulation

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Anonymous
PP manipulation 2017-08-01 05:21:39 Post No. 2926266
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PP manipulation Anonymous 2017-08-01 05:21:39 Post No. 2926266 [Report]
I recently heard that a company involved in a private placement was manipulating the share price of a stock to keep it in a certain price range for an upcoming private placement. I've heard this story before too, but I don't understand how / why this would work. Why would the guys looking to buy shares in a company be the same ones keeping that share price down?

Is this something that actually happens in the markets?

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