The institutional buyers that purchased from the 1b offering are more than likely still holding on to a majority of those shares. I do not believe the market is fully diluted with those shares yet. That’s the reason we are continuously trending down. They are selling the offering shares but they’re is no demand. Hence the push down on price .
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.