GREY:XEBEQ - Post by User
Post by
tamaracktopon Aug 23, 2022 2:32pm
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Post# 34914929
Re 300,000 offered at $0.80
Re 300,000 offered at $0.80I wouldn't be too put out by that
Babe's right, to an extent.
The chances are almost zero, today anyway.
News on the financing front would cut through that like butter.
300k offered at $.80 is $240 grand of a company cap'd at $115 million.
That's one fifth of one percent of the market cap, and less than half the 30-day average volume.
Babe seems to think that if the stock traded at $.80, millions of shares would be offered there.
I totally disagree,
I'd say that when the stock trades at $.80, particularly if it does so on volume or on news, the opposite will happen.
Some of those offers will be pulled.
Don't forget we're both biased.
Babe hopes he's right because he just traded out of the stock.
I hope I'm right because I'm long.