$ZHENGWEI GROUP (02147.HK)$ what tha scammer gains when they...

104064085 : The whole company value downs by scammers? How is the original share holders , themselves scammers? if everyone accepts share value is this only,  it can be assumed that HK exchange is not working to really check statements for each quarter.

AssetEagle : A lot of websites do not explain properly what happens in a pump and dump scenario. Many are just observers and they do not even play the stocks. So they just explain from what they observe.
I have been "inside" many pump and dump plays. Scammers have accumulated many shares at very low prices. Then, the scammers use "low" volume to push up the stock prices by buying and selling to each other. In the process, they start enticing victims to buy too. The victims really do make profit albeit small. As the prices gets higher and higher, the scammers start liquidating their positions to the new victims. But at this juncture, the price will not be depressed yet because the scammers still hold a certain percentage.
The price gets depressed on the final day when the scammers get the final group of victims to bid at a particular price. The scammers now sell the balance of their holdings to the new/old victims.  People are always under the wrong impression that scammers push down the prices. Actually, the scammers NEVER push down the prices. What happens is that the scammers stop supporting the prices and the victims race with each other to sell when they see the prices starts to drop with zero buyers. This is how the prices gets pushed lower and lower.
For the past few HK pump and dump in the last few months, the scammers do not even wait for the last day to dump their holdings. Because this is very easy to identify. when you see high queue volume, these means that these are the victims queuing in hope for higher prices. So these days, I find that the scammers already have liquidated most their positions a few days earlier unknown to all of us. Last time, you can see up to HKD500m turnover on the final day. Last Friday, turnover was only HKD78m and yet the stock went on the tailspin. Clear sign that scammers have liquidated most shares they owned much earlier.

104064085 AssetEagle : I am finding this point and your detail explanation makes me clearly understand. Thanks for explanation. This should be real scenario. Otherwise, new comers still don't understand and happens victims again.  Most of new buyers never thought that scammer pushed down price, ( that is different from web explanation) and then, they want to see what would happen.

Jimmer Fredd : This stock is a scam. DO NOT BUY. I was scammed on Friday by a Viber group called MooMoo Advance Stocks in the Viber chat app, by Royan Lam.

They request screenshots of your trade and they use that for commission.