RE:300 million plus stock held by Auxly...possible drop soon???CRaider wrote: So in Huge's financial statemements Auxly gave them 33 million dollar to purchase stock at 9 cents back in May which can be exercisable soon. Isn't anyone afraid the 7.5 million dollar they bought at $1 stock was just to keep the price proped up while basically sell their position for at least 300 million so they can have cash?
Is this worrying anyone? Won't this tank the share price?
Thoughts anyone? Please?
They have such a strong bond with huge right now that they're not going to eff them over like that by dumping 300m shares. They have the cash. Xly is a very trong company as well and they see the upside of the 300m shares at 10 bucks over taking a quick payout. I wouldn't worry too much.