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Re: 1manband post# 25086

Monday, 05/14/2018 11:10:06 AM

Monday, May 14, 2018 11:10:06 AM

Post# of 47649
Thank you for the explanation. Any insights on how long the lenders would draw out the sale of stock?

I would assume they point of using an MM is so they don't immediately "tank" the share price. However, 66 million is a lot of shares to sell off. Even if they sold off 200,000 shares a day it would take the lender about 1.5 years to unload all of their stock.