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Alias Born | 12/03/2017 |
Friday, February 23, 2024 4:49:32 PM
Again, I don't know much about this stock, so I don't know if there are debt holders and/or conversions that still need to happen, but that usually one of the top reasons I would think these types of games happen. Most of the time, those debt holders get to convert at some discounted price like "50% of lowest closing bid over X number of days." So in other words, they're incentivized to push/hold it down. Again, I'm not saying that's happening here, because I literally have no idea, but they definitely pulled that bs (-19%) open for some reason, and then that BS open allowed them to basically keep us down all day.. Then anytime we inched closer, our best buddy VIRT would jump in until the inching up stopped and we were back down.....
Anyway, regardless, I'm still looking forward to Monday/next week. Hoping for the start of a fun-run........
Have a great weekend!
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