it looks like about $600k was sold down day 1 which is a popcorn fart in comparison to the incoming equity. What a disgusting effort by Austock as the sponsoring broker! where is the aftermarket support?
As sponsoring broker, if you are taking millions in fees, it is your job to support/manage the stock from seed sell down. Bloody disgraceful!
That being said, I think the float was overpriced from the start. It is a 15 cent share at best.
I will never get involved with Austock after this, that is for sure!
bloody disgraceful
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