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Thursday, July 26, 2018 12:52:54 AM
It took a week for the O/S to go from 1.3 billion to 2.3 billion ending on 6 July. The volume has been consistent since then, which would put the O/S around 4.9 billion now. Using the previous high market cap around $250 million that would put the pps at around. 05. There was a good breakdown of the dilution that said worst case this would be around 5 billion. We have no idea how short they are right now. Today was the first day that the MMs were obviously sending signals with their trades, 4900, 5000, etc. This is a wait and see at this point. Average down if you can. This volume is saying that this stock is very much alive. Retail doesn't put this type of money into dead stocks for several months consistently.
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