RE:who is unloading all these shares???
okgonow wrote: if the placement doesent close till the 26th and then there is a 4 month hold on them they wont be available to sell till 26th of Jan.2025
who the HE.LL is unloading all these shares?????????
could it be that some think that after the placement closes the market will be flooded with the cheap .$45 shares and they are selling in anticipation of SP dropping down into the .30's ? Combine that with the massive new short interest in LUCA just before the 26th!!
wouldent it be a real kick in the teeth for the sellers and the shorts of most if not all of the shares were bought by actual investors that will hold them instead of liquidating them and then just relying on what they may or may not make on the warrants.
if the new CEO is worth his salt he was able to get "investors " that wanted larger blocks of shares that would have cost them much more on the open market ( we are thinly traded ) .
we will soon find out for a few days I was thinking of selling my position in hopes of the SP falling but I have a hunch that the latter is true because he was pretty confident in his interview that the .50 options were all going to be exercised. That surely won't happen if we are going to be in the .30's!
I hope all those seller's and the big new short interest will get lit up could be a bit of a runn especially with the extra 2.25mill shorts needing to cover their azzez?!
here is hoping I'm reading my crystal ball and tea leaves correctly