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hovacre

05/02/18 11:33 AM

#66729 RE: Bourbon_on_my_cornflakes #66723

You arent there yet, but you will be.



Where do you think I am on the matter of licensing or selling the company?
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tinfoillurker

05/02/18 11:39 AM

#66731 RE: Bourbon_on_my_cornflakes #66723

Hmm I don't know if I buy it... Those flippers had a very small window before the stock dove under the offering price and cancelled out any profit. I'd have to review but I don't think there was enough volume during that window for the majority of the 10M to get dumped for profit. If that's the case they're selling for a loss which brings us back to "so who's buying it all?"

I'm of the opinion that the impact of flippers is overstated here. I think the collapse velocity, weak bounces, and threat of continued collapse would scare most away.
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tinfoillurker

05/02/18 12:13 PM

#66737 RE: Bourbon_on_my_cornflakes #66723

Also if the shorts are in total control and are waiting for dilution this fall at $1, why bother covering now? Something doesn't add up. It reeks a bit of hostile takeover but I'm really not familiar with how that usually goes, and specifically what role market makers have in that activity.

See "creeping tender offer".