Friday, July 02, 2021 12:07:01 PM
Today, July 2 saw almost one million shares SELL from 10:09 to 10:10.
Two days ago, FLOOF paid interest via stock allotment instead of cash. 956,194 shares to be exact. Today, it appears ALL those shares sold in under a minute and drove price from .19 PPS to .1625 PPS. In under two hours, the stock has recovered to .1786.
Float is about 350 million shares. So stock dilution was under 1/3 of 1%.
It will be interesting to see how long it takes to get back to today's open price of .20 PPS.
GLTA. This post is meant to be thought provoking NOT investment advice.
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