"Maybe they wanna intentionally pull down the price?"
That would explain the 4 million increase in the float from November until March. The float in November was 11 million. It rose to 13 million, then 15 million..... AND THAT WAS PRIOR TO THE 1 MILLION SHARES DUMPED TWO WEEKS AGO!!!!!!!!!
"TradeHo" received a telling response the last time he called to confirm the rapidly rising share structure. He called after the last one million dump. The week prior they gave him the float, however just a week later they were very "short" to say the least, and told him in no uncertain terms "we're not at liberty to disclose that information". He was going to have his firm send a letter to the TA two weeks ago, i can only assume he heard nothing back as nothing more was said.
I do like the company, however the HEAVY dilution has made me question the stock. Some on here have said "it's only a few million" and such, however I'm strictly a numbers guy, and that's a CONFIRMED 30% increase in five months (again NOT INCLUDING the last million dump two weeks ago).
In hindsight, it's crystal clear to me why the stock price plummeted rapidly (after each rally that should've sent this soaring).
I still hold my position in BMTL, however it went from a long-term hold to a short-term play.
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