OTCPK:EMMBF - Post by User
Comment by
Seraphim1on Mar 14, 2017 10:37pm
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Post# 25980127
RE:RE:RE:RE:Any ideas why this is being sold down again
RE:RE:RE:RE:Any ideas why this is being sold down again BustyRusty wrote: The whole sector is slow today too
Unfortunately there were over 18 milion shares that went live on Monday. All those were gained @1.15. So you've got profit taking. Unfortunately this is not the end. 3 months from now, in June over 33 million more shares will go live. This batch was gained @ 40 cents. So again you will have selling pressure. We all saw the sell off from over $4.20 to $2.40 before the March 11th date, God knows what the June date will bring.
After that it should be clear sailing till December when about 25 million warrants attached to the above become free trading.
yikes