Nisun International Enterprise Dev Group Co Ltd (NISN)

[Akira]

Shang hi is re-open now. And, those big sellers, below, were gone. I think China stocks are rising while US stocks are declining for the FRB interest rate hike.
(From Yahoo messageboard) byLeon Battista7 days ago
December 2021:NISN has made a furious shares placement to fund its latest deals in supply chain sector. That caused a low offering price at $4 and the stock price dropped sharply.
But why they were in such rush?
At December 16th the company announced the dismissal of the case against it by a group of minority investors who have sued Hebron. The company anticipated that the case will be dismissed and then these investors will sell all their shares.
So, they tried to raise funds before these investors sell.
After the announcement of the offering price of $4 the stock dropped at $3+ and those investors started selling en masse all the way to $1. The market was bearish then and very few wanted to buy a Chinese smallcap which was collapsing without an obvious reason.