RE:RE:RE:RE:RE:RE:1.2m sold at 3.00
Anyone who wants to build a large position would probably need to buy part of it via the PP. Friday's volume was around 25k shares. To buy 1.2 million shares would take 48 trading days. Would the price stay at this level for 9 weeks and would existing shareholders be willing to sell at this price? There would be some shares sold at these level but not a lot of shares would be available. Also, the buyer of the PP most likely is also buying at the lower market price right now but the buyer probably thinks the price won't stay below $3 for the next 9 weeks.