Thursday, July 30, 2020 10:22:35 AM
No, I have a different theory: everybody knows that we are on the cusp, producing revenue finally, and that this was some pretty serious volume just out of the blue. In fact, 100 million shares could have landed in one person's account. And, Matt has been saying for some time now that when we have revenue, 20%, will go towards a share buyback!
It's pretty clear, to me at least, that this was an orchestrated buyback. Matt obviously had to drive the price up slightly in order to get that many shares but he didn't want to drive the price up too much because he still wants to buy another 300 million shares as planned. Anybody call the TA lately? Then also, it's understandable that without sustained buying that the price would fall back a little.
Finally, it might be telling if you just do the math: 100,000,000×$.0015÷20%÷$7,500 = 100 liters, hmmm... I submit that this was a share buyback, plane is a nose on your face and I suspect the big buyer will be back. We are on the cusp and this is a sign of good things to come! Go $GCGX...
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