I wonder if the selling is from RCF who is trying to keep under the 20% cap, by putting pressure on the SP, they will get more stock for each quarterly payment. Or some investor(s) do not have the patience to wait anymore and want to take a small profit and go somewhere else. Or we have PP investors that have free warrants and selling their stock for essentially a free ride.
Either way, an anonymous brokerage is using a combination of single lot sales and iceberg. Our biggest concern was FN was not onboard, but the announcement this week tells us that the FNs are ready to play ball. We also have the government ready to contribute $1B to build roads to the ROF.
What will it take to move the SP up?