RE:Another Embarrassing day There are a lot of institutional investors that had been hanging on to 7G since they bought in the mid teens, like CPP, for example. I wonder if the selling pressure here is from this big guys covering their initial nut trying to meet some new ESG target.
I don't think an institution would ever sell a stock they were deep in the red on to meet an ESG goal, especially if they knew it was making a wad of cash. This selling pressure might continue for a bit longer but in the end the cash machine that ARC is right now will overcome.