If no new convertible debt was.....
issued since then, warrants and price condition executions remain. All the same, negative volume is well obvious and very likely to be associated with similar purpose or contractual obligation as that volume is being distributed in ways indicative of inside activity; ie, marketmaker dissolving warrants, pipes, debenture or other new share positions.
If nothing else, do the math involved within your post (but consider warrants and price conditions exist for todays closing price). A 2000% increase or more in outstanding shares distributed at 30% of daily volume is an incredible undertaking lasting months or even years. If other financing volume is added that effect is increased and the process lengthened...... driving the share price lower.
Just because outstanding share amounts were executed months ago does not mean its effect is complete. Once the holder of that volume is finished with it they will require months or longer to dissolve that position, all the while destroying shareholder value on the dump. And remember, conditions remain for this to worsen.
Shareholders only hope is today being the last day of destruction (depending on the price condition executions). You will learn more next week.
Good luck, Recognizer. I just stopped by to say hello. I am finished expressing my opinion. I have traded these stocks since 1988. You will find I am very much correct.
glta
e
AI
