TSXV:BTI.H - Post by User
Post by
rustycaton Aug 14, 2017 2:54pm
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Post# 26579572
Share weakness
Share weaknessI guess a number of the 5.8 million shares that were purchased 4 months ago @.70 are starting to hit the market. Obviously, it's a losing trade unless one considers the Purchaser can retain the Warrant which will allow the purchase of one share for the next 1.3 years (about, anyway) for $1.00.
With the low trading vol. at present, I have to wonder how much the Market is willing to absorb without taking the price down to the point of stupid-ness for Sellers that are committed.
Guess we'll see.
OTOH, it may be just be Market fatigue, but the lack of Buyers seems to point to folks sitting on the sidelines waiting to see how low it will go.
And, when we see some positive announcements those shares will certainly muffle upward movement and will be sold into any bounce.