I don't have a target price. The decline has been tightly controlled in my opinion. They walk it up a couple of ticks when they receive the latest tranche but not so high as to trigger profit taking. They appear to have been pretty patient with the latest conversions thus the delayed OS update. They didn't dump the 127.5 million shares the past week. The unusual trading on December 7th is why I posted the information below. It will be very difficult to flip this with the pending conversions in place and so many accumulating at these levels. The last few months they have been holding it at the different trading levels until the trading taps out and they step it down again to get the volume. Potential catalysts have little value for traders in my opinion and will be great for other investors and toxic financiers. Same game as before but the same story for years now is getting old.
Bubae Member Level Wednesday, 12/08/21 09:35:06 AM
Re: TEFFSTER post# 39832 0
Post # 39837 of 40119
Looks to me that they are doing what they did around Nov. 2nd and around the 22nd. That is walk it up to set the table for the conversions in hand. Created the bid gap at .0009 yesterday and traders promptly started to fill it which really encourages bid builds at .0008. There isn't anything to get excited about here so they need to create their own space and the volume comes by dumping into the bid. It is what happens in absence of a press release. Just my opinion, we know there are a ton of eligible conversions waiting to get into the game. If this operation fails to get retail players, down it goes.
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