Post by
tamaracktop on Dec 22, 2023 1:12pm
Highly Questionable. Extremely Questionable.
Peter's trust sold stock on Wednesday, before the loan from Mellon was announced later that evening.
It sold stock at prices ABOVE the exercise price of the warrants granted to.Mellon.
Reminiscent of the Friday of a long weekend when the trust sold shares and the company announced a contract cancelation after 10pm that night.
How much will you save if you sell this garbage now?
Multiply the number of shares you own by the stock price.
Comment by
filoux004 on Dec 22, 2023 1:28pm
Question can the loan money be used to sponsor the stock buyback? Thanks for the input. Glta
Comment by
tamaracktop on Dec 22, 2023 1:32pm
Haha! That's a good one filoux !
Comment by
tamaracktop on Dec 22, 2023 1:38pm
I'd put money on it that it's the company on the bid at $.41. Trying to defend $.40. The depth is showing 23,000 on the bid and 500 on the offer. I fund it very unlikely that if the bid at 41 was all retail, not one of those buyers is willing to pony up another cent to get the stock.