GREY:DLTNF - Post by User
Comment by
golfyetion Feb 05, 2021 12:52pm
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Post# 32485066
RE:NEWS does not affect Stock price
RE:NEWS does not affect Stock price salstockpicks,
I think it is a little bit of each possibility you listed. Also, the company did a financing at 0.55 recently with warrants, and it is totally plausible that a good chuck of those investors decided to take the safer route by selling the shares they purchased for a price as close as possible to $0.55 an therefore leave themselves to ride the warrants for free or near free. Its a free-of-charge and risk-free way to participate in a company's near term success. It does look like there is an iceberg order in the 0.54-0.55 level. On the bright side...these guys should be just about done and we'll get a return to a more balanced bid/ask and the SP should be free to move closer to its natural level.
A super quarter might also get us to bust through the nellies.