Sure, its possible, perhaps a retail client experi
Post# of 11899
Sure, its possible, perhaps a retail client experiencing a margin call on the day and needing to just dump everything. It happens. We know dilution occurs as well and will necesarily occur in the future because the first part of the Ironridge investment for the $700k has still not entirely been paid down. Either way, the first scenario represents a temporary dip caused by one distressed seller and the second scenario represents a 3% dilutive effect on longs which we knew was coming as well as knowing that there will be more in the future. So still not quite sure exactly what is the point you are making. It sounded like the thesis put forth was there was certainly one MM today was dumping newly issued shares to "destroy" us and that we cannot blame the sector for todays action. Is that your thesis as well? If so, I must agree with your perspective that indeed it is ALL speculation and it could be retail dumping but it could also be MMs covering low using newly issued shares, or a host of other reasons. Who really knows? Whatever caused the action, even though the PPS suffered, I feel the increased volume was good for the stock, not good for my personal share position, but healthy for the overall stock. Overall I agree with your points. Just my opinions.
GLTY
$RFMK