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Thursday, April 28, 2022 1:16:21 PM
Some people are selling at 0.0002 and 0.00025, but not many.
I'm going to go out on a limb and say that approximately 25% of selling into the bid has been consumers getting out. Most has been dilution. If we can trust fins, it's almost over, like we're at less than 600M left (this isn't including the companies own offering for less than 6B)
We can get into their offering as being bad for investors, but 1.) They've not sold any to date TMK. 2.) It's not nearly as detrimental to the company as the terms of the loans were. 3.) They'd have to refile to sell at these prices. 4.) I'd hope they'd give the stock time to recover, because at this point the current investors back just can't carry the extra 6B.
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