We already knew O/S was increased and this was the likely reason. And we already knew they needed cash and Equity Sales at 390 o/s is better then loans in england which probably go at 8%+
Looks like two investors bought the whole thing. No institutional investor is going to buy $75k+ worth of stock if they didn't think they could profit.
If it was immediate exercise with no warrants, then they got it at 25%-50% discount from market, but in a penny stock with low volume like this you can drop 50% by simply selling a few thousand.
These guys know this is going to have an influx of volume that they can sell into. And that is good!
There's the FORM D, specutator...no way they'd do 144 shares...with the inherent restriction they come with...was the D late? I'll take a quick peek see...
Thanks, scion.
At least they're filing the Ds, credit due where credit earned...even if the first one was OVER A YEAR LATE.
They filed this one promptly because...
...they noticed that The Firestarter arrived. Smart.