RE:RE:these levelsRelentless selling from the 12M shares at .135 PP. .20 is roughly a 50% gain and there are lot of people who will take some profits here ie. sell 50% of their gained position to lockin. So if someone put $10,000 in at .135 and now they have $15,000 they will sell $2,500 worth (half the gain) . Plus they still have upside protection with the .20 warrants So based on this investing theory you need to eat thru ~3,000,000 shares from the last PP. This hasn't happened yet but it will. PKG has already eaten up any of the .05 PP. It's not those guys selling now as they could have exited anytime over the last 8 months.
End of May, Q1 2018 is due and they've not told the world about their revenues yet vs they told us what year end was going to look like back in January or February. There were no upside surprises in the year end financials hence the disappointment and additional impaticent selling.
Believer - Just my opinoin, JMO