At first glance so did I, but when you check the print at 3:50:54 it was for roughly 81 million. Also, yesterday's print was for 97 million, and I know the day before was well over 100 million.
Also, notice today's print was for .0009 (keep in mind they buy these at like 8 in the AM, way before the market is open)? Well the MM's sold these today over the course of about 10 minutes from 2:47 to 2:57 at the price of .0009 to bidders at .0009. During that time they were also doing 1000 block trades of .0010, trying to get people place buys at .0010 so they (the MM's) could make a profit. Didn't happen, This is the first day I've seen them struggle to sell their shares for a profit(mainly they have been buying from HESG at .0009 and selling at 10,11,12,13, whatever they can get), which to me, means they won't buy any more from HESG to sell for fear of taking a loss. So, I think dilution is over, but they may take one more crack tomorrow.
After that, and for next week, the MM's theoretically should be supporting a rise in the PPS, and to do so, they will be buying shares off of the market to keep for themselves, this will spur more buying from us retailers, and it should compound into a huge up move.
When companies dilute, the company pats the MM's on the back buy letting them profit on selling shares, and then the MM's pat the company on the back by supporting a rise in PPS.
I am confident that we all will be able to either hold long term and start getting gains next week, or, at the very least, be able to trade starting next week with big up moves and minor profit taking along the way.
Either way a PPS of .0075 is essentially fair value for HESG now, but of course, they will likely be adding more collectives and revenue/profit. This is just the beginning.
My plan is to hold my core, and trade 25% of my holdings in order to accumulate more. Christmas/Hannukah or whatever everyone celebrates really could be very nice this year! GL
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