Exactly - the smart traders have already loaded their .1s - a total of 315,000+ - mostly Aug 28 to Aug 31 - to have an inventory of shares to trade in the .2 > .5 range as the cost basis of the remaining legacy shares are mainly .4 > .6.
Since then, a further 80,000 have been bought in the .11 to .1475 range.
A whale bidder - who wasn't quick enough to get .1s - has had $10,920 on the bid at .12 for several days - having topped it up and increased it after picking up relatively small amounts from the periodic paint down attempts.
The President and his funding partner both bought shares at a likely price of .5/.6 (based on timing - by June 30) and they therefore obviously have confidence in the price being above that in due course.
I believe we can expect to see the whale bidder buy the few remaining shares under .2 > .4 before the ticker change currently planned for Tuesday September 25. That process has already started.
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