Tannin - thoughts on warrants. Tannin. What are your thoughts on them turning those warrants out quietly via institutional involvement.
We are doing 300k+ volume on zero news days every single day. And every time we popped down to $0.255 we bid instantly back above $0.26.
seems to me $0.250 - $0.26 is fair value for this name right now and both the buyers and sellers agree. We must have done approx to 3-5m in shares in the last two months at $0.25/6.
you do NOT get this type of turn on a dead name.
A dead fish floating in the water has zero liquidity. No one wants to make a market ie volume is null and spreads are rather wide. Instead we have what seems to be a very liquid and alive fish with massive volume and tight tight spreads.
Obviously my theory behind that has yet to be reflected in any disclosures of sales. Short interest is frozen.
Larry is known to UPOD (under promise over deliver) but the quietness on all known com channels, with a suddenly dumb founded ceo and outrageous daily volume on the tightest bid/ask spread that when broken below the bid, seems to find its way positive rather quickly.
I know a lot of you don't watch this name everyday as I do because it's just as simple as having it in the corner of my setup.
But the in only time I've seen that type of volume on a dud is when it is beyond dilution I'm talking a $0.02 stock with over 300,000,000 shares outstanding.
up instead we have a name that's stuck at $0.25/6 does anywhere between 100,000 - 800,000 in volume on a name with revenue and approx 150m shares outstanding fully diluted.
thoughts?