I’ve been reviewing after market close each day in my account… pull each stock up and it gives the daily volume. Needs to be done before midnight or the numbers reset….
Who sells? Good question… some of the investors have been charged a 20 dollar fee monthly here for gray sheet stocks! So maybe delinquent accounts are being liquidated? I don’t think the shares are being intentionally sold…. I think a small percentage of these are being swapped between brokerages. Aka as some say they’re trying to keep the shares viable! I really don’t buy into that notion!
Margin calls could force a liquidation also… If people have owned them this long it goes against the thought of them selling as you alluded to!!
We should see resolution in the next 12 months or less!!! ;-)
I would imagine that if a huge payout is coming some large institutions are selling these still so as to avoid being investigated for insider trading or some sort of public backlash lol. Remember all the ECAPS were bought cheap by major european banks in the UK... lol
For All we Know, these 'Sales' could be the 'Hanky-Panky' of some Investment 'Broker' RIAs, 'selling' their Client positions and 'buying them' into their 'own personal Accounts', under the 'guise' of 'cleaning up ''BK positions' so that they could get 'All those Spoils'...Talk about the 'Foxes guarding the Hen house'...