Thursday, January 24, 2019 5:23:42 PM
So "dilution" has been occurring to some degree on the 10 million since they are unrestricted. Do I have proof No. Maybe some day traders flipping, yes, or some longs getting out. But the volume of shares traded is a pretty good indicator and the actual sells themselves, with the ASK staying at 10K while shares are just flying off the shelf at a stalled price. If this is such a hot potato right now, there would be way more buys than sells unless someone got shares super cheap (the 10 million) and are cashing them in over the last few days. Hopefully the selling will subside some and the buy side can start taking over. I think once this entity liquidates their position, we'll be good. The last few months have shown very little action compared to what we've seen the last week.
Not trying to rain on anyone's parade here because I have a sizable chunk of this stock and have since June. I do want it succeeded as much as new traders do. So let's just hold on for the ride!
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