Post by
JonathanGalt on Jul 11, 2019 4:55pm
What we're seeing
It is clear there is a significant number of shareholders that were forced to exercise their warrants and take shares they didn't want to the moment the company announced it was accelerating the expiration of warrants. Now they are attempting to maximize their gains by timing the sale of their shares at the best possible price which is exactly what we see happening the moment the share price starts to move up over the past week. What happens? Large sale transactions that negatively impact share price.
There were more than 8 million shares issued by the company from the exercise of warrants after the company announced the acceleration of the expiration date, and yet trading volumes were often below daily average which supports my believe that there is more opportunistic selling to come.
These former warrant holders are making gains when selling north of $1.15. We will know it is done when we see sustained price appreciation, all things being equal.
I believe that nothing has changed in terms of the long-term potential of this company which is also supported by some very opportunistic purchases of large quantities of share once the price is below $1.40. My take is that this is a rare buy opportunity that may not come around again for SLNG shareholders.
Comment by
acer1234 on Jul 11, 2019 7:33pm
i Believe you may have a point. Wish I had the funds to purchase here but sadly don’t if you have then I think you have a rare opportunity here glta SLNG acer1234
Comment by
Aganza123 on Jul 12, 2019 11:32am
The warrant holders were all insiders, so why would they sell at this price if the potential is there for much higher returns later?
Comment by
Aganza123 on Jul 12, 2019 11:33am
The warrant holders were all insiders, so why would they sell at this price if the potential is there for much higher returns later?