RE:RE:RE:RE:Very tight dayI am not following this conversation.
12.5 Million shares were not dumped onto the market. It was sold to investors/institutions and placed in their accounts.
Then it took a couple days for the Units to separate into shares and warrants.
Now I am speculating on what has occurred next - that many are either selling the shares and keeping the warrants or vice versa - any many are holding both as they considered it cheap. Flippers and Investors.
Crappy for those that got in at a higher number.
Now they need to hit their milestones and demonstrate some progress.
It seems the folks holding the shares have been selling as frustrated or not.
Many of the institiions and sophiscated funds knew a financing was coming and it is always at a discount to the market - so they have been selling it short hard. Millions of shares shorted - and hopefully will be covered in the next couple months. Could take a while to churn through the flippers shares.