The brokers who bought the 19m shares at a reduced cost would have done their due diligence and not just tipped in $30m hoping for the best !!
Unless they are using their holdings to short this stock I am not concerned, would be more concerned if management had trouble finding a buyer or sold them at this level ?
HLO Price at posting:
$1.38 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)