The dilution has already taken place is what I was saying. Now people are dumping because of a variety of reasons. I posted before ......
That's an increase of 450M shares since the last reported SS from a submission back a year ago. Also take note that the number of restricted stock has decreased significantly.
3,286,798,242 outstanding and issued 748,052,850 restricted and 2,538,745,392 unrestricted as of March 31, 2024
It's now 273,052,850. That's 475M that are now eligible to be sold. Added together and that's a whole lot of supply that needs to be absorbed
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Yeah, the combination of dilution on top of shares coming off restriction is a momentum killer.
You can lead a horse to water. But you can't make him get down on one knee and do an Al Jolson impression!