RE:RE:Siyata Mobile Reports Revenue of $5.2M in Q2 2017 Regarding these warrants that are becoming free trading in the next couple weeks... are houses shorting the stock above the strike price knowing they could cover using their exercised warrants? Is this why the stock can't get any traction right now?
I've never quite understood if that's a real strategy or not - would someone be so kind to explain how this works?
L2 below - some nice bids showing up this morning sub .55c
Market Maker
| | Shares | Bid Price | Ask Price | Shares | Market Maker |
| | 40,000 | 0.570 | 0.590 | 7,000 | |
| | 19,000 | 0.560 | 0.600 | 8,000 | |
| | 24,000 | 0.550 | 0.610 | 27,000 | |
| | 58,000 | 0.540 | 0.620 | 26,000 | |
| | 54,500 | 0.530 | 0.630 | 40,000 | |
| | 130,000 | 0.520 | 0.640 | 30,500 | |
| | 115,000 | 0.510 | 0.650 | 77,000 | |
| | 209,500 | 0.500 | 0.660 | 25,000 | |
| | 3,000 | 0.490 | 0.670 | 10,000 | |
| | 3,000 | 0.480 | 0.680 | 20,500 | |