I personally spoke with a member of the HACK team and he went over the process and why they HAVE TO sell their shares. There was no run around, 1.877.756.7873 (ext 3 i believe). It is public record of how many shares are left and how many have been sold. As of today Sept 23 there was 4.4million shares left to sell. I went over todays volume and share price of $WYY with the rep that I spoke with and his exact words for todays volume of 1,012,955 was, “Most of that was us.”
RSI keeps dipping below 30, imo this is very over sold. Looking for a monster bounce here!!
this is pretty cool too —> Seeking Alpha Disclosure “Disclosure: To learn more about the company, please see past CIR articles on the company. We opened a position at $1.65 due to our increased interest in the Identity and Access Management space. We added to that position after the overreaction to the earnings miss in the $1.40s. We then doubled down when the price neared $1.35 and then doubled down twice more at $1.15 and $1.03. Our final two purchases were purely due to the understanding that HACK was a major seller and was dragging down the price despite no change in the underlying business. As a result, the company has become our largest holding, and we will continue to grow our position in increments of 10% declines until proper valuation is realized.
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