It is 1.5-2. Yes, he is going to make a lot of money, mainly because of the price that he got the shares from the company. The company can not sell it's shares for 1.5-2 years. The MM is establishing a market for when that time comes.
Let me ask you this, what do you fundamentaly like about this company?
I'll say it again, this is going to be the trading range.
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