Post by
ekim on Jul 28, 2021 1:11pm
Cheap paper coming to market tomorrow
40 million shares coming to market freely trading tomorrow.
Purchased at 5 pennies and underpinned with an additional 10 cent warrant.
They can sell the shares tomorrow and maintain leverage with the warrant.
or...they can stay all in with double leverage ahead of lab results.
Great volume today. Double or triple that tomrrow.
EKIM
Comment by
BlueDawn on Jul 28, 2021 1:19pm
That paper was bought before drilling started before the discovery of kimber on the hopes of finding kimber. I suspect the investors who bought that paper are in it for the big play as the opportunity to cover their positions via shorts had been available this whole time. I don't see the new paper as big news as short sells have been available while that paper matured