Who is selling at $0.18Trading has opened today and we are seeing a few trades at the bid price of $0.18.
Who is selling at this price? Are these the shareholders who bought in the $0.35 to $0.40 per share range who are now crystalizing realized tax losses, or are these astute traders who bought in at $0.08 per share and netting 100% realized gains?
Obviously impossible to tell, but one can gain insight at looking at which brokers are on the buy and which are on the sell side of the transaction. Today the seller is Ventum Financial, who recently took over all the PI Financial accounts where many of the $0.35 private placement shares were sold back in 2022. Buyers are in other accounts.