Who suspects that the persistent downward pressure is a strategy (amongst other things) to prevent the two million shares held by Taurus from achieving a strike price of $2 by January 25?
I'm not sure of the actual dates but I know Taurus is holding two million options, and if they don't hit their strike price of $2 the options are worthless. I could be wrong and would appreciate a little input on this matter as I am NOT an options trader. If so, who would be dumping large volumes and rebuying as a weapon of mass spite?
Either way it's all good with the buy-up of cheap shares but I can't help feeling a sense of shodden froideur at play.
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