Next Green Wave (fka NXGWF)

[Sam_1992]

So I finally got around to review NGW Q2 2021 financial statement. The news release is mis-leading. The debt was not paid down. The debt issuer essentially exercised the warrant obligation attached to the debt and take profit in the market. That is why you see significant selling pressure because those firms exercised the warrant with the exercise price around 25 cent. This means that they probably took profit around 40 to 50 cents per share.

There were around 8 million in shares from the options and warrant to the debt issuers. So if you go back check the volume, this should give you a good idea if the selling pressure is almost over.