Newbie in MLXO Averaged Down Twice....
I jumped in MLXO @ .079 and averaged down twice now, any opinions on a bottom here? When we might see it run again? I called the T/A Thurs. 3-24 and they told me the O/S was 86,660,323. Of which 62,321,923 is restriced, that leads me to believe the float is approx. 24,338,400. I see someone posted a couple weeks ago that the float was 15 mil, if it has increased 9 mil, that would be a good reason for the drop in PPS from the teens, anyone here think it will get back to the teens anytime soon? Or at least to .07-.08? The last two days candlesticks are bearish looking. Hope this turns around. TIA.
