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Wednesday, June 28, 2017 4:35:42 PM
Running theories:
1) MM (or whomever, not necessarily going to say CDEL anymore) dumped for a Noteholder (only one i know of is coming up SOON is due in AUGUST)
2)some preferred Ds converted (AS B's AND C's i believe are in safe hands..and would require a form 4 to go through...right?)
2)Christian diluted a couple mil quick (to get the rest of the Cash for M&A)
3)a Long jumped (might have found a better short play and needed powder.)
4) Greed (Forced drop so a select individual could get some in LOW)
Look the $ volume of the dump isn't Millions.. or 100s of thousands... if one were to add up i doubt the entirety of the dump exceeded $40k
This alone leads me to believe that it was a long...
In retrospect the two big block buys that came in total 33k...
I guess the only thing i can take home out of this is that bigger dollar volumes are FINALLY trading hands... thats good imho...
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