he probably can't hold OTC/pinks and knew this was coming. Do you know if his Omega Advisors firm was selling too? They showed about 4M shares at end of last year and by far biggest holder. Akanthos had about 1M shares and only other size were couple holders with 500k. Thats end of last year too, they could have sold by now.
Cooperman selling was big reason this didn't bounce like other beat down energy stocks like LINE, LNCO, etc. Now that its getting delisted to OTC chances are whatever funds left in it will be selling out at whatever price Monday. Once they done this will probably bounce huge. Big turd on big boards is a gold nugget on pinks lol
Guess only question is who is left. If Omega and Akanthos still yet to sell it might take a couple days to clean up. Otherwise this will likely be a huge buy Monday on the gap down.
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