You can not turn that much inventory within the market. I would fully expect the warrant holders(George(FORW)/Charger) to work it effectively based on total share volume. The rest are rogue trades from preferred B holders.
The warrant holders had 30 million shares that needed to be sold into the market in December and on..that is a given. So how many more did they exercise...well...look at this:
Dated 1/12 ... "271,699,278 plus last two days equates to 286,649,947 total share volume Since December 8th."
At 15% that would equate to 42,997,492 shares. Roughly 13 million more shares than the original 30 million. At a 6 point deviation(+-) ...we are between 45,577,342 and 40,417,642 shares that came from exercised warrants. If you want to use 20 points for the math...go right ahead. There is always a formula...the preferred b holders won't use said formula though...because they literally have almost nil in the game. The warrant holders have already put up 400k...and millions of cash to exercise any warrants. Preferred b holders are the rogue sellers...warrant holders are playing by the formula because they have to.
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