Dose not look like the company was dumping shares as we have seen their dumping pattern before. We saw a wall stack up at .04 prob due to a trader/traders trying to cause a sell off. It was failed attempt to lower the pps even tho we saw a dump at the eod the pps held up nicely. Real time we could have closed at .04 but I expect the pps to be right back up or even higher on Monday.
I have never seen that trading method before as it failed lol but it could have been someone needing to get out with some cash right away. - Stacking the ask then selling at the eod is not normal especially if they were trying to flip the stock or reload it.
That wasnt the company. The 100k transaction was a buy not a sell and the sales at 57000 and 30000 were from retail makers and not dilution as you have posted.
Schwab got the shares and converted late yesterday. I would have expected a larger dumpfest from Etrade than from Schwab. Add the fact that there is a conference call with the CEO on Tuesday at 415 EST and I dont expect a dumpfest on Monday either.
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