I'm guessing the share selling will continue as
long as Asher keeps getting new shares for 60%
of current trading price.
The last shares (6.15M) were acquired by Asher in 3rd
qtr. for 3 to 4 cents each. Also, in last qtr the
accredited investment people received 4.3M shares
at prices between 3 and 4 cents.
In other words, until the borrowing stops, we may be
dead in the water.
IMO, unless there is sufficient demand, Asher's share
selling will limit the PPS upside. And if our accredited
investors are selling too, this could be a long winter.
I can't verify it, but it looks like O/S has risen by
another 3.7M since the end of last quarter. These shares
could have been issued to Asher or to the accredited
investment people.
RedFins Can't Stay Above Water For Very Long!
