Stockrisk, if this is the 5.7 mil shares being dumped into the market for the $2.75 mil equity, someone does not know how to write contracts.
IF, and that's a big IF, they structured a deal, they should have structured it to hold on sales until X date, with a maximum of Y shares to be sold by the holder per month, especially given their goal of uplisting organically. They should've known that dumping in shares of that amount would signal a significant drop in price, and the predatory groups/MM's would capitalize on that. Christ, I have gotten stock options many times, and they have a 2-3 year window before they fully vest.
IF this is a result of the dilution, then I question the deal guidelines. Seems like a poorly written deal (again, IF this is what is happening).
IMO, it could still be a concerted effort by shorters to borrow and sell into the market knowing full well that a continued assault would rock the faith in some investors and further tank the SP
Best to all longs...hoping the bleeding stops.
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