This is intentional and part of the pump and dump strategy employed repeated by these people.
They do the IPO, immediate high valuation and increase. People buy into it, pension funds are virtually forced to buy stock as part of the NASDAQ 100 in the USA... Shortly after, the employees who are paid with stock options can sell theirs... prices fall, then more people can sell and the prices fall further.
Guess who can't sell yet... those pension funds and so forth... they're stuck with an ever decreasing share value until August.
It's always the same plan... always the same people.
This is the system working exactly as designed... for them, never for you.
