Major Position Being AcquiredUsing Trade Station data, I have gone back two years to August 2020.
Every month since then, 84ITG84 has been buying in amounts up to 1 million shares.
I have not gone back beyond that but I suspect more buying by that house was happening.
I have not formally added up the buying but eyeballing suggests about 15 m shares by that purchaser at..eyeballing..an average price of about 12 cents.
This long term and persisten buying is most likely by a very motivated buyer with a firm intent .
It is also not an insider, as there are no insider buying reports of that consistency
This is very positive.
I can speculate who it might be and if correct, it would be not unexpected.
My view is that this buyer will use his position to make things happen , once his leverage point is reached.
I have no idea as to what or when but no astute buyer accumulates such an extended position without a profitable plan in mind.