Same game was done last 2000-2001. (ASCOT holding game) I guess by the same man, also another guy who works in reputed Brokerage Company was found guilty for manipulation and wrong doing with defeted politician who was Government Bank Chairman at 2003. But those days SEC was strong enough to fine him Rupees one million and life time ban of works at Brokerage Company.
Also some of the unscrupulous companies too engage in same foul play.
Manipulators were always there whether via Web site or by rumors. Main point is investors shall not buy stock for week or 2 week period, at least must have a holding power for 3 months.
I guess Rehan may be good guy, who was trapped in manipulators hand. I remember early 2001 he was start some web site name like “stockist” and charge only Rs 150/= per year. Me too paid monies but that was only simple worksheets contain trading data which benefit to who was in out side of country and less exposure to print media as those day no or less internet news sites.
That is very important; if holding power does not have at least 3 month don’t buy that much of value.