RE:RE:RE:RE:RE:initial resultsI am skeptical at this explanation for the volume increase. I went over the quarterly financials the other day and it seems to be matching up.
There were about 2M 3.5 cents warrants exercised in Q1. There were also about 3M options exercised in Q2. Some if these probably had a strike price as low as 10.5 cents. But with the volume over the past 14 days, you would think all of these have been bought at higher levels. The only other thing I can think of is if some folks still have shares from the 6.4M financing at 2.5 cents last summer. But it seems unlikely they would still be holding those shares given the spikes into the 30’s throughout the year. My underlying assumption here is that whoever is selling through anonymous is still making money at these levels, but that may not be the case.
Does your thesis still hold up against the financials?