KULR Technology Group Inc (KULR)

[supernova23]

IG is the acronym we use here for the offering investor group (IG).

https://www.globenewswire.com/news-release/2020/12/29/2151307/0/en/KULR-Technology-Group-Announces-Pricing-of-8-0-Million-Offering.html

They have been active sellers and at times a headwind since the announcement and completion of the deal where KULR received $8 million for 6.4 million shares ($1.25/share) + warrants to IG.

We are speculating they should largely be out of their primary 6.4 million share position today. Still need to be aware of the eventual probability of their exercising warrants, which could then provide additional selling pressure. However, if volume can increase to 1M+ per day with continued progress made on the investor awareness front and the advent of meaningful news, then selling on their part should have a lesser impact than it did before.

Here's a chart posted on this board in the past along with a description of IG's actions:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161721927


Welcome to the KULR board.


**Disclosure: This information does not constitute an offer to sell or a solicitation of offers to buy any securities of KULR. As a moderator (supernova23) of this board it is my duty to disclose to you that my family has invested in KULR and that I'm personally acting as a consultant for KULR and have been compensated in shares for that role. I'm not a licensed financial professional. I have performed extensive research on the Company and believe KULR has real potential to displace conventional thermal management or "cooling" solutions for the electronics and battery industries. This is my opinion and opinions expressed herein by me are my own. You should always perform your own complete due diligence before making any investment decision. There is obviously risk of loss when buying or selling securities and generally even greater risk associated with buying or selling micro-cap stocks. Some real challenges faced by micro-cap companies include raising capital, increasing liquidity, attracting institutional investors, gaining analyst coverage, and general mistrust of the micro-cap market. Micro-cap companies also tend to lack in resources and often struggle to commercialize their products or services in a meaningful way.