RE:Big volume at end of dayThe 1,110,000 share cross trade was insider FRANCIS SHEN "gobbling up" shares.
There was ANOTHER large cross trade this morning of 545,000 shares, which I SUSPECT is more of the same.
Aside from that, BMO bought 537,500 shares right before close yesterday, and Anonymous is buying here and there.
The seller could be exercising 0.18 warrants and then selling immediately at 0.18 (if they need the money or are just impatient)?
Whatever the reason, I sleep better the MORE the Shens get involved!
And if it is actually warrants being exercised and sold, the company is getting CASH and the shares are being sold to STRONGER HANDS.
WinnersRide wrote: Some big blocks changing hands in the last 10 minutes before close between 0.18 and 0.19, including a cross of over 1 million shares. This is unusual. It could be PP participants selling some shares to get cash so they can exercise their warrants. Or maybe it's just investors like me gobbling up shares at this cheap price that won't last much longer (IMO) as the quiet summer ends.