share price increase / opinions wanted Curious to get other shareholders' opinions.
How can NXO stock price rise in these conditions when we know there are 17 million shares left to be dumped on the market ?
I think it just can't . Hate to sound negative but I think its just simple supply and demand.
Nobody will bid up the price when they know millions of shares will be available and dumped on the market constantly in the coming days / weeks.
We have been slaughtered 85% down with 20 million shares and there are 17 million shares left to dump.
Even with good news im wondering how we can go up from here ? Nobody will touch this stock knowing 3bd are selling 17 million more shares ( or 9 million if NXO purchases the reserved shares.)
Pretty dim outlook , any opinions ?