This is my first time dealing with a PIPE deal at all, let alone an OTC.
This price action here this week makes no sense to me. It doesn't make sense for our new institutional investors to dump below their purchase price, and the volume from retail before the PIPE deal doesn't match the current action taking place.
Something funny is going on in GMER land here.
Could the new institutional investors be shorting it to scoop up a lot of cheaper shares knowing they have a stash of shares already and can always cover at the warrant price if things get out of hand?
If they short this to pick up cheaper shares and it goes against them they know they can recover an additional 20mil shares a little higher than current price.
I have no idea honestly. I wish David would have just used the ETH money we all gave him instead of seeking outside financing. I don't see where marketing this game costs $3mil and we needed to do the PIPE.
But early supporters and literally all Gen 0 tokens holders that supported this seem to be getting the shaft big time.
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