On July 20, HGO gets $1.00/share. If the share price is where it is today, then why not buy their shares back and make 15c x 160M = $24Million. OK, they won't get all their 160M shares back but they would be able to nibble away 100k shares at a time. Selling something for $1.00 that you can buy back at 0.85 must be an opportunity you would try to take.
1. if they went on a spree for 160M shares, the price will rise to over a dollar 2. if they don't start buying, it means the price would have already been over a dollar
so, that implies ESG MUST be over a dollar by July 21 ? Yes ?
or is it in fact the HGO interests that have unleashed the bots to keep the price low .............
ESG Price at posting:
82.0¢ Sentiment: Buy Disclosure: Held