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Friday, 01/31/2020 4:07:10 PM

Friday, January 31, 2020 4:07:10 PM

Post# of 19488
About 6,500 shares traded today - Not a good sign

Unless the people selling have no idea or care what the shares are worth, I think this is a 'bad sign' that about 6,500 shares traded today.

My take on this is that the Hycroft Mining new common are so far underwater that the common shares are almost worthless.

If that is true, then the warrants are worse off, and I wonder if this financial engineering problem is so bad that some of the reformed company debt is in danger of not being repaid.

The other rational possibility is that the proposed business combination with MUDS looks like it is not going to take place, putting the HYCT common in danger.

Louis J. Desy Jr.
Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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