Posted On: 09/25/2014 8:58:03 PM
Post# of 9144
So basically, the way I see it is that these past two days roughly 700,000 shares have been traded at what was once the PIPE price.
It is entirely possible that a single investor just got tired of holding and decided it was time to drop his original investment for a small loss just to be done with it. These were all large trades, not a lot of individuals dumping at once.
Basically, this stock is traded so thinly, that one large holder who wants out can drop this thing a lot at once. unfortunately, we will not be seeing a similar demand and buying without a MAJOR announcement.
The only good news out of this (if you want to call it good news) is that there was a buyer for these large trades, and they did not have to be broken into tiny chunks every 2 hours to go through.
Still holding and waiting....
It is entirely possible that a single investor just got tired of holding and decided it was time to drop his original investment for a small loss just to be done with it. These were all large trades, not a lot of individuals dumping at once.
Basically, this stock is traded so thinly, that one large holder who wants out can drop this thing a lot at once. unfortunately, we will not be seeing a similar demand and buying without a MAJOR announcement.
The only good news out of this (if you want to call it good news) is that there was a buyer for these large trades, and they did not have to be broken into tiny chunks every 2 hours to go through.
Still holding and waiting....
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