Omni Commerce Corp CCTXF

Crappy day...

[thadeush]

...but the volume was not that high, 577k or so, considering the shares that became free trading. If there was a big selloff volume would have been way higher and drop would have been greater. I agree though, that this is not over - likely more folks realizing the date and getting out if they can. Time will tell.

[Tanker81]

That is almost 10% of the pp.... seeing there were a few big guys that probably won’t sell, I would say a lot of the smaller guys started to dump

[99hockeypenguin]

Although it’s no fun watching the SP go down, I feel today’s price drop isn’t significant if you have even a short to medium term outlook. Sellers today were definitely broker warrants (they always sell when their shares are released from hold) and unsophisticated investors that got into the PP. Why else would they wait until the PP shares are free trading versus shorting in the past month? Risk

[ctblizzard]

Good points. If the 400k is in long term hands ("pro group") of the private placement , then we have about a million more of potential short term selling, which is not bad considering there were bigger buyers stepping up as I stated before. I agree on the news.