Post by
Ciao on Jun 07, 2024 8:53am
100K block
Makes no sense to place a 100K block for shares for sale in an illiquid market. A brokered deal is needed to move this.
Comment by
FormerHedgie on Jun 10, 2024 10:06am
To be honest, no broker cares about CMI. They presently don't need money and there is no momney to be made in an obscure micro cap. If they can ever get some phased array antenna sales ramping up it will definitely attract some micro / small cap institutiional invstors but, for now, the illiquidity is our painful reality.
Comment by
Ciao on Jun 10, 2024 10:22am
Absolutely correct. There is no interest (or potential underwriting fees) from a brokerage in a microcap that doesn't need to raise capital. Someone has a dream that their block of shares will be taken out, or perhaps it's just there to put a lid on the share price.