RE:RE:RE:Suntrader. If I might share my thoughts on your statement...AUborealis: You are right, 3DB could have sold at much higher prices during the $1.50 spike last year.
They started doing these periodic private sale dumps just this year (around February): 1M share blocks every 2 weeks...more or less. Some possible explanations of why they started the fire sale only this year that I can think of: 1) That’s when they discovered the loophole in the contract, 2) they got nervous about NXO shares and decided to sell at any price, or 3) they suddenly needed the money for something else. I am just guessing.
In any case, 3DB should be done selling soon, so this will all be history.
Cheers.
AUborealis wrote: Thx truhilk.
Sounds reasonable.
I'm left wondering why those blocks didn't come loose during the 'Rich TV' volume spike last year between $0.75 and $1.50.
Surely the 3rd party dumper could've shorted into that and been more active.
The inability to find takers for the 'blocks' at those prices was what led me to surmise that their was more to it.
C'est la guerre...C'est la vie https://youtu.be/d1oyvAMtFsk