the bigger problem for shareholders is the noticeable lack of buying interest. uspr averages 2.6 million shares per day. the last day it appears a convert holder did any substantial selling, the volume was 3.7 million.
uspr has only traded 2.3 million shares in the past 8 trading days combined, including today. that's 287k per day. volume is down almost 90% on average since the converts stopped selling.
the real problem is the majority of the buying is coming in when the converts sell, (coincidence? nah.) and uspr only bounced to .013 when the converts stopped selling.
i thought we were told that uspr would go back to "where it belongs" once the converts stopped selling.
lack of real buying. that's the another problem here.
This post is my opinion and should not be used as investment advice.
