Niocorp Developments Ltd (NB)

[Dead On Arrival]

You have zero effect on the price. The open interest in all the strikes is next to nothing as far as I can see. No liquidity in the stock means no liquidity in the options. At present the chart has broken down and investors have no idea on what Yorkville will do. It looed like 3 dollars a share was a base but that got obliterated on Friday. In the last few years, management has missed every timeline and Mark's comment about the SPAC after promoting it was a terrible choice of words. EX-IM is an unknown at present, Stellantis is a positive.

If this keeps up and the price erodes, then they might have to do another r/s in the future. That will be lights out for long term shareholders who will see their shares ground down to nothing. I was involved in another stock Delcath and had a stock friend who had a 1.5 million dollar profit evaporated because he was advised not to sell in the 16 dollar range. I told him to either buy puts or do a synthetic to keep his profits. He chose not to and his shares went to zero on r/s. Investing in these type of companies is very hard when you think this stock will be your path to easy street. It never hurts to take a profit.