That assumption makes no sense. We all know that
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Posted On: 08/24/2020 11:50:27 AM
That assumption makes no sense. We all know that these toxic lenders get shares at reduced PPS to settle the debt. We also know that these toxic lenders generally can sell the shares they get at 50% of current PPS immediately for a 100% gain. They don't "hold shares" in a company. They cash out and move on to another toxic situation. Plus, billions of shares have been traded since the last times shares were given to these toxic lenders. Plenty of opportunity for them to dump theses shares.
No, we really don't know who is selling the 100s of millions shares. Probably a mix of those who bought at $.0001 - $.0002 (and, hoped for a quick flip), and, many who are just tired of holding ONCI shares and waiting for PPS appreciation.
Besides, more important is who is buying all of these shares. Who spent $100K on Friday alone? Smart money says that could easily be someone who THINKS something good is in ONCI's future. But, who really knows? Not me and sure as hell not you.
Let's hope we all find out more real, factual info SOON.
Go ONCI
No, we really don't know who is selling the 100s of millions shares. Probably a mix of those who bought at $.0001 - $.0002 (and, hoped for a quick flip), and, many who are just tired of holding ONCI shares and waiting for PPS appreciation.
Besides, more important is who is buying all of these shares. Who spent $100K on Friday alone? Smart money says that could easily be someone who THINKS something good is in ONCI's future. But, who really knows? Not me and sure as hell not you.
Let's hope we all find out more real, factual info SOON.
Go ONCI
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(1)On4 Communications (ONCI) Stock Research Links
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