ES Overhang I agree with an earlier poster (sorry cannot remember the one), who stated selling pressure the last several weeks is coming from ES. I think it is obvious. If ES gets a NO vote on his controlling interest, he is gonna have to sell a lot of shares since he has a lot of unexercised in the money warrants. THE MARKET KNOW IT meaning other big boy/savy investors who are the ones to move the stock. No savy investor is gonna buy now and will wait for the price to go down. ES can meanwhile can get great returns on his shares going back to 2018.
If he gets a YES vote, the price will spike sharply and all the great drill results and market cap comparisions to other area plays will get priced in.
What am I missing here? Why is this scenerio so difficult to understand?
BC