GREY:ATBPF - Post by User
Post by
TheMadMonkon Aug 23, 2023 5:12pm
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Post# 35602709
Concentration
ConcentrationIt is going to be interesting to watch what happens to the stock price of ATE if and when we have positive results from P2 next spring. Over the last two years there has been significant concentration in the shareholder base. With virtually no new investors in the last two years, 10-20% of the outstanding shares have been sold by smaller short-term shareholders and scooped up by larger long-term shareholders. Plus with the cancelation of millions of warrants, there is even less supply weighing down the stock price. If this stock starts to run, after results are released there could be explosive torque in this name since there will be much fewer shares available for sale. We saw an example of this the last two weeks with very low volume, the stock price rose approximately 32% from 46 cents to 61 cents with just a small amount of buying interest. What would happen if investors tried to purchase half a million or a million shares?