Post by
Margin321 on Apr 23, 2024 11:31am
High volume selling
RHC (Royal helium) has been under vicious attack last few days with millions of shares being relentlessly sold. That despite major milestone with JV and lots of public presentations. RHC has its problems but the selling has been pretty extreme relative to value of RHC assets and prospects for future growth. The last post here alludes to possibility of algorithmic trading by traders with short exempt status. Very hard to know is doing the massive trading and whether the own the shares. If company was forced to do secondary, it would be at extreme low price, all the value of the company would transfer to new low price shareholders, and very little capital would be raised. This all followed extremely good news, a milestone that opens possibility of a growth pathway without further dilution by providing access to new source of capital from the JV.
There is also a flurry of negative posting with false information being amplified and new posters showing up, especially on Yahoo Finance conversations, but also to lesser extent here.