GREY:CCTXF - Post by User
Comment by
ctblizzardon Dec 29, 2017 8:32am
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Post# 27243819
RE:pp must have trouble closing
RE:pp must have trouble closing I would guess some people were planning on selling PP #1 to put more money in PP#2 after booking some profits. Also with the stock price no longer in the 40-50 cent range but in the mid 20s it is more of a gamble. Then you have the factor I mentioned earlier the blockchain bubble where everyone and their cousin has a blockchain company or new ICO crypto.
So far I have had this pegged pretty much correct. I predicted they would make another run when everyone thought it was dead. It was clearly set up for that. I also predicted massive selling when the stock came off lockup and the stock has dropped almost 50%. Now things are not so clear. I think when you close a tranche you are usually worried the deal will be dicey and usually they never fill up. This seems to be confirmed from people calling or emailing in. Personally I think they dont hit 2 million out of 3, probably closer to 1.2. Hope I am wrong .
The buying here as others sell is not retail so some players still have confidence but as usual that might be based on info we do not know.