Pass or Fail College Test OK class..Pay attention. There will be a quiz later.
What does House Position Summary (Aug 06, 21 to Sept 06, 22) tell us?
(a) Haywood sold $41 million worth of placement @ $9.50 in May 2021. Haywood netted $5.94 million in profits over the subject period. How the hell could that be since their clients bought at $9.50 ?The average sale price was only $5.33. No clients made any money. But, we know Haywood's own VP held hundreds of thousands of cheap shares - pre-reverse takeover - in Lund Enterprise. Did he sell off his Reco shares ?
(b) Canaccord lost $10.5 million from sale of stock. Understandable, since their clients bought shares at $6.50.
(c) The big winner who won the cake with the cherry on top was Anonymous trader who made $57,564,208 or rounding it up $56 million dollars. I bet you those Anonymous sellers would be Reco insiders who didn't want to tip off investors. Who else dumped 355 million shares at an average price of $5.93. No retail investors held that many shares.
Now, the test: Who made out like bandits?? A, B or C.
Oldschool, you need to go back to night school. One billion trading vol and the stock is down. That is not accumulation but more like insider distribution.