It’s already been said that a number of folks are currently selling shares to participate in the financing.
It’s actually more than just a guess from people as I do know a number of folks doing this and I know others that are just participating without selling.
What do you think happens to the share price once all of those that are selling to participate are done?
We all know the stock is way undervalued right now and the reason it’s not going up right now is because it doesn’t have to. Folks that are selling are being forced to sell into the bid.
This should all be over soon as we expect at least the first tranche to close on the 22nd which means they probably need to have the money deposited a few days before that.
It will get better.