RE:RE:They are holding it down. If SP is being propped up, wouldn't it make more sense to prop it up further and make more money from the warrants and not sell at a huge loss? I don't know if your fears are really founded. Fear of tax loss selling is always overblown on stockhouse, plus the "family exit" thing is not necessairly true either.
alphatraded wrote: They are not holding it "down", they are "proping it up".
HUGE VOLUME yesterday was a kind exit for close "friends and family". Millions of shares previously on hold are available for trade as of this Monday, (those shares were rasied at $5.25).
The bleeding begins next week, lots of wealthy people will dump their postions at a HUGE loss right before tax time. Doesn't mean it's not a great company, but it's gonna bleed out for a few weeks here, or at least until they can release some stellar financials.