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thesmalls

11/18/19 2:12 PM

#1287 RE: PithicusKong #1286

I dont think its a matter of keeping it down vs just wanting to liquidate. Heirs will naturally disagree on the value of such a speculative stock and they may not agree how/when so they just agree to liquidate holding and divvy up proceeds. Each of the brothers owned 35-40MM shares and there are 165MM outstanding so liquidating roughly 1/3 will keep a thinly stock down for a long time. Especially when mgmt is doing nothing to enhance shareholder value.

Now - MMs KNOWING there is a shittonne of stock to be sold on program selling may play games with PPS and small trades to try and get more shares cheaper/faster or it could be institutional investors playing same games hedging that the end of the selling is near. That would be a reasonable explanation.