Wednesday, May 24, 2023 8:54:08 AM
A Market Participant had/has paper at his firm he has been converting and selling for a month. The client probably gave him the go ahead and liquidate 20m shares of the position at market.
I put the has/had because from the last two hours of trading yesterday, I still saw shorting against retail trying to buy at the offer, ergo, I still think there is still some converting stock happening again today.
You also need to figure that somebody bought almost 9m at .0005 yesterday. he might be coming out under .001 at a 100% profit.
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