So they have 50 million investment happening next month at $5 per share? I'm guessing they need to spend that 50m on the open market to get the share price up to $5 Can you imagine those shakes? If we are holding 100k shares at $4 and they drop the price to $2.5 or $3 we are all selling our shares to them as they lock up the float and bring it to $5+ with no shares for us.
This one is going to be tough for us to keep a hold of no matter what we believe. I just cannot imagine loosing $100 or more a day as the market makers make sure shares are available for their large investors as they shake us out. If they are getting a private placement at $5 there must be lots of room for growth. $5 a share is still just under a billion market cap. I'm going to guess they have some tricks up their sleeves to value this way higher. IMO..
Great update Chen. If they came up with $50m for Korean Shares, it’s safe to assume they have another $50m lined up for US shares which they will use( and already using) to drive the PPS above $3 for Nasdaq uplisting. The controlled price action and big buying pressure at times support the argument..
There will be some millionaires made with this stock. Cheers
This will move if and when there is 1 million bid days not on uapadates or news. That will indicate interest and if the stock is real and the market believes the narrative .