Replies to post #73403 on Koil Energy Solutions Inc. (KLNG)

[xZx]

1918, the 500K share hit came first at .70, then around mid day the 2.118M shares hit at .65...

[SageWise]

1918, yes - the more I think about it, that theory (that Prospect hedged with a short to protect their profit, i.e. used the cash-extraction strategy) seems most plausible. Thanks for the info on the Cash-extraction strategy. With 2.1M going at $.65, I believe it was to the MMs advantage to get it there and every cent more they can get on it is $21K - not bad IMO. They have to make some money too:)