RE:Something bad in the pipeline.. I think the pressure is from supreme ATM and longs.
septmeber they did very little selling with the ATM. Pulled in $36k worth I believe.
October they sold through at full tilt. - 4.4 mil shares for 600+k - gross volume was around 44mil so they basically sold through 10% of the volume which is the most they can do.
I know they have to protect their balance sheet - and
i believe the arbitraging from debs to equity is forcing them to payout interest before they have to.
I'm guessing it's a combination of factors and covid uncertainty until they are cashflow positive.
Im hoping they are getting it out of the way - so they can let the stock run post q1 earnings, and do some insider buying - as you can't buy shares as an insider with the ATM runing.
seems like shoppers news ahead of earnings is a mini pump - set-up.