Correct it should be 1M selling pressure per month. That selling doesn't help the SP but we have often been going over 1M volume per day lately with recent news so 1M is not that serious relatively speaking. And it is less than Apollo was selling, around 1/2.
In reality, it should have minimal impact on the share price. If they close QXTEL, Q2 should show at least 75M revenue and be profitable. Compared to Q2 last year showing only 32.8M revenue and a loss. There should be more than enough buying to offset 1M selling. And at the end of the day, this will be behind us soon leaving us with 6% more shares for a company that has doubled in size. Idk what SP will do, no one does. But I do know the company will be worth significantly more next year than it is now based on the financials. These are really good moves for the company and for shareholders long term even if it hurts sentiment and share price short term.
Not a financial advisor tho, just personal opinion. But it's just math... 100% more sales obviously offsets 6% more shares.
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