All of that completely ignores the primary driver of the price drop since December, conversions of the Pref B and subsequent selling into the market. This figure probably demonstrates this best.
This is NOT about retail selling but rather dilution hitting the market from the Pref B conversions. The downward price trend is almost exactly inversely proportional to the increase in the stock structure.
And it is only just beginning, under the current leak out agreements up to 75,000,000 new common shares could hit the market each month for the next 2 years at least…and that isn’t even all of it.
Even looking at the market cap, it hasn’t changed much in the last 5 months, yet the price has gone down…and that is all due to dilution.
So this isn’t about retail selling sentiment…it is about continuing and relentless dilution.
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