GREY:ATBPF - Post by User
Post by
Thejew on Jun 09, 2020 9:53pm
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Post# 31131521
Underwriters know something big is coming.
Underwriters know something big is coming. As frustrated as I am and as shady as this looks right now, there is no way the underwriters would put up 25M of their own money if they did not know something big was on the horizon.
I'm taking deep breaths and convincing myself to not sell tomorrow out of frustration and actually buy more on the dip.
Underwriters are only receiving a 10% discount, not much at all. They could easily lose money on this....but they won't. They know something is coming that will make them much more than 10% and something big enough to pop 50% back to .60 (if not way higher) so they can excersize their options.
I know this is so hard to comprehend right now and the insider selling throws a huge monkey wrench in the program and thought process of what the F is going on, but this is actually a very bullish deal.
IMHO.