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Re: DRHUMI post# 188579

Wednesday, 10/18/2023 1:31:22 PM

Wednesday, October 18, 2023 1:31:22 PM

Post# of 197822
Yes, I agree that if/when something is announced about deal closing and/or div date, I expect to see volume increase as more people buy to get div. The question is how high will they allow it to go? Will they let it reach what the $450M deal should put it at (.14-.15), or will they continue to keep it down. If they announce something and we see volume increase immediately & significantly, but then also see VIRT come back to join the party, it likely means there is a hard ceiling they want to keep it under. If VIRT stays away, then I believe we have a chance of maybe hitting .09-.12. However, I also believe there is a lot of time between now and when anything is announced, and at least for the time being, they appear to be holding true to their groundhog day pattern (dropping artificial ceiling by 0.005 every so often). As of today, it definitely appears as though they've locked in the artificial 03 ceiling, but we'll see.

With ASCM doing what they do best (shorting us), I'm not sure we can get back over .03 without some kind of update/PR, but I guess we'll see. RSI oversold at 26.1, but expecting another teaser-green day to add the padding they need.