All in my opinion:
Yes, this fits the pattern. I traded a lot of these and they are usually predictable. Nfusz had this happen for months before it took off, each month you could see the selling in the chart. This also would explain the 90% short volume yesterday, as this selling shares on a note will show up as short volume.
This has nothing to do with cydy, just business, they get 15% discount and make money on selling the shares, plus interest etc. After nfusz finished their convertible note in 2017 at 8c, it ran to $3. So these guys just make money on the rate difference. The same guy opened another note in January, so even if cydy takes off, he is covered with selling these. That is way I was concerned with that 5c trade, I don't want the conversion price matched to that, which I believe they fixed. Luckily this is not toxic debt, as the note is over 24 months, they only get a new allotment each month, 27th or 28th day. My guess is it is about done this month.
Yes, this fits the pattern. I traded a lot of these and they are usually predictable. Nfusz had this happen for months before it took off, each month you could see the selling in the chart. This also would explain the 90% short volume yesterday, as this selling shares on a note will show up as short volume.
This has nothing to do with cydy, just business, they get 15% discount and make money on selling the shares, plus interest etc. After nfusz finished their convertible note in 2017 at 8c, it ran to $3. So these guys just make money on the rate difference. The same guy opened another note in January, so even if cydy takes off, he is covered with selling these. That is way I was concerned with that 5c trade, I don't want the conversion price matched to that, which I believe they fixed. Luckily this is not toxic debt, as the note is over 24 months, they only get a new allotment each month, 27th or 28th day. My guess is it is about done this month.
