Post by
Stooge on Nov 12, 2019 1:33pm
"insiders" now Bailing out at 4 cents
Today, Anonymous sellers are selling into the bid at 4 cents. They obviously want out.
Anonymous are usually near insiders ... but not insiders by the legal definition. They typically have some relationship to the company and know more than "outsiders" do. They also are willing to pay a little more to keep even their brokers' names secret.
Indeed, with the stock at 4 cents it might take a minimum rollback ration of 20 for 1 to get a financing done. That would be months away and even then, most of the funds raised would have to go to pay off debts.
Little wonder then that "insiders" are willing to take four cents now.