I know the technicals look ugly but look at the fact 3m 12c options are due to be exercised by Monday the 21st makes me consider It could be assumed that those converting those options may have needed to sell stock to pay for them. And given the funds are received by the seller in t+2 and they need an extra day to transfer the funds to RSH, then I’d assume the accelerated selling by such a party or parties may have been responsible for the increased sell volume of late... and in particular today as it’s the last day they had to raise the money to exercise the options... so I hope not too many people have been spooked into selling..
to think it was 10c higher at 23c only 6 weeks ago, with $12.5m less in the bank makes me think that people will find value in the price down here...
Markets are funny things and never ever cease to keep one on their toes..
Bottom line is that the company is exactly the same and has actually continued to update on positive progress - I look forward to more of the same.
Rome wasn’t built in a day.
RSH Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
