Did Nilam Resources Stock Just Suffered Price Manipulation?
Nilam Resources, a microcap company, experienced a whirlwind of events after announcing plans to purchase a staggering 24,800 Bitcoin (BTC) tokens. This revelation led to a rapid surge in the company's stock value, followed by a swift decline. The turmoil culminated in the resignation of CEO Ron McIntyre, who later criticized the Bitcoin acquisition strategy as a manipulative "pump and dump" tactic.