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Friday, July 19, 2024 9:47:04 AM
Yesterday's action at the open with a level II notation of 550m has to be a fluke.
Now I do have a theory. Could it be a retirement of shares back to the treasury. Reason why I think that it may be in this case, is when with such a large volume amount at the open it goes against the theory for every share sold is a buy and vice versa. Also, it can't be dilution since it goes beyond the regulatory with the % of daily volume on execution of dilutive shares hitting retail since we don't have buyers or even the noted volume to allow such action.
Well, that is my theory. A reliable update from the company would be a big help, so for now we can only speculate on this abnormally.
Have a good day
varok
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