RE: Who put through the block of 500,000Likely true.
An insider taking profit. Either got the shares for nothing or else at some low price like .25. The new buyer is a close or family friend or a really good friend. The seller took his profit and sold to someone else close to him.
So, it looks good on the volume side, looks good on the buying side. Meanwhile, the buyer has gotten a LARGE position just before the run. The seller could be getting a kick-back.
The kickbacks happens all the time. Even can be considered a regular, back-end loaded commission flowing back to the seller. The main point is that someone took their profit and gave the future profit to someone close. And why not, if I had .5m at nothing or .25 why prolong the gambit. Take the money off the table and invest in something less riskly. Smart move.
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2batteries.