Post by
tamaracktop on Apr 15, 2024 2:32pm
Read the Early Warning Reports on SEDAR
761,000 shares received by John Bell-Allen were vested immediately following the closing of the merger.
The balance of shares he received are subject to lock-up periods.
I haven't read everything, but it's fair to assume other principals at Sea received similar treatment.
Going from memory only, if Sea was founded in 2012, then this is their first opportunity to monetize any of their stakes.
That may explain ar least some if this weakness, but those reports were filed April 5th, and as a result, this is old news.
Old or not, there's definitely been an increase in the supply of shares, obviously.
A increase in the supply of readily available shares to sell is only going to depress the price.
I don't know why it's still hammering the stock 10 days after the filing, if that's in fact what's causing this.
If it is a contributing factor, the question is " How low will they go?"
Comment by
u30822 on Apr 15, 2024 2:40pm
TT at this rate you will never get back in at $1.00......
Comment by
tamaracktop on Apr 15, 2024 4:49pm
Certainly looks like it. Barring a miracle.
Comment by
Thinkbigsti69 on Apr 15, 2024 5:23pm
Tamy is a miracle worker. Barring another pump and dump.LOL
Comment by
Thinkbigsti69 on Apr 15, 2024 4:36pm
Great things happening. LOL
Comment by
jboom70 on Apr 15, 2024 5:46pm
This post has been removed in accordance with Community Policy
Comment by
Moemoney42 on Apr 15, 2024 6:58pm
Yup Tesla's press today of layoffs has affected the whole industry.. could be a while before the excitement comes back.. a UL announcement could set the stage for EXRO..?