These guys have had plenty of time to come up with a strategy. Who knows what arrangements have been made behind the scenes. IPO investor shares may be washed out now, or maybe they sold to related entities so they can claim a tax loss and still hold the shares and the warrants. Maybe the new holders are retail, in which case, a floor on the price should be in. Maybe there is a string of announcements lined up to coincide with the listing. Probably none of the above, but next week will be interesting one way or another. I'm hoping that the warrants are a genuine way to bring more funds in, and the only way that happens is if the share price goes a fair bit over $6.25, and the only way that happens is with some good announcements.
GMV Price at posting:
3.9¢ Sentiment: Hold Disclosure: Held
