RE:RE:RE:No one is selling. This is going higher. 29 days to CAFC I wouldn't extrapolate off of 150k shares sold since it touched 2.90. Even if you were to time that perfectly and rebuy all of that now, it is only a 30k profit on the spread. And the reality is the average price sold would have been closer to 2.80.
And you are left with the issue of rebutting the stock back and there is very little on the ask. So you will end up paying 2.80 or more to rebuy the position.
The ETC acquisition was a MAJOR inflection in this stock. Every analyst has called it transformational.
There is so much worry in this stock that it makes me very bullish. When people start to realize how quickly this stock can move when it gets sustainably above $3 due to margin trading and institutional ownership,
I am still calling for a major WiLan license as part of the closing of the transaction. This would rip if it were an Apple settlement. But if a Micron, Motorola or Amazon settle, those would be significant.
Like I said earlier, this ULTRA conservative Board would not have approved the deal without line of sight to another major WiLan signing. Remember that Fattouche sits in the Board room with 2 million shares. He is super conservative.