Thursday, June 09, 2022 9:01:04 PM
22m shares at .231 cents. That "should" be a firm price lid on this equity. Nothing higher unless it's a fake round tripper transaction IMO to bait retail but can't be sold into.
The "mystery" warrant holder should short every share at that price to protect his warrants (exercise price .231 cents) and profit on the equity price decline and yet have 22m shares at his disposal to cover any monkey business related to short squeeze.
Unless a real seller appears, this Market Maker will have an "ask" of .23 cents all day every day up to 22m shares of volume which this equity trades "organically" at about nil so it makes no difference.
Any "holder" of MSLP shares should now realize that the best case scenario for your sell price is BELOW .23 cents. If you "ask" .23 cents, you will be stepped over by the warrant holder and it could go lower if the warrant holder decides to short every retail share buyer that appears because he effectively is owed $10m and the warrants are essentially worthless and holds 1st lien on all assets except 2nd lien on the receivables that Prestige Financial purchases at 20% discount from Ryan.
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