If this was another stock (pumper) I might agree with you. But it's not. And L2 has shown a consistent level of PPS holding. A seller could have easily let this run and sold much higher. Heck a seller with this many shares could have run it up themselves to sell higher. This is being controlled for the merger. Saean said they would control price after and I have no doubt they can control the price before change. They stated papers filed. Just wait for FINRA to get this complete. Then fireworks.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.