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Monday, April 30, 2018 11:44:04 PM
I don't think these institutions are anybody fools. They just didn't buy these shares just to take a large loss. I believe we are missing a much bigger picture than what is being presented to us. If the institutions own 88.8% of the o/s share count that leaves retailers owning 12% of the o/s share count. That leaves them little run for a vote on a r/s. and the institutional holders a much larger vote.
Something is very off here. I don't think we're in for a r/s, but something else. That leave retailers holding around 116 million o/s shares. Could there be a possibility that retailers might be bought out by one of these institutional investors. The company is talking about reducing the warrants output. this is in the 20-F filing.
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