RE:PPP-Mellon recent 400k share sale ended in a huge purchase peter let his tongue slip here on a reply to Oldguy1 and made mention that he was going to buy back 3.5M shares after selling the 400,000. The post on Agoracom was deleted a little later the same day.
claudemc wrote:
Mellon completed their sales of 400k shares at market on Feb 12. I think they recovered more than they were expecting. From the time they announced and start selling on Jan 21 the first 25k sales were at $2.85 average on that day and the last 25k on Feb 12 at $8.78 average.
In total they sold 400k shares at approx average of $5.54 for approx. total value of $2,217,530.00.
They then exercised (also on Feb 12) all 3,448,276 warrants they were holding @ .58 for a total cost of $2,000,000.00.
Must be nice, they sold 400k shares to buy/add 3.5 million shares.
stay safe!