First Nickel Inc. FNKLF

RE: Who Ever

[nickeltrader]

There are all kinds of reasons to need to get out of a position in a hurry, including margin calls against other holdings. While this is not my order, I have found myself in a similar position in the past and can assure you that there is nothing easy about dumping this stock. Volume is so low at times that it can take several days to a week to liquidate a position that size. This is likely a Hail Mary in hopes of finding anyone looking to increase their position at a fixed rate. Expect the order to either disappear as the owner opts to sell off other holdings instead, or to drop as much as another penny as the owner grows more desperate and needs to liquidate at a greater loss. The owner might have been better served to take an iceburg approach to getting out of the position. Though, historically that too has failed when trying to get out of this stock in a timely way.