Note course of sales today - clever sell bot kept the last sale price low. I would say indicates we have a very sophisticated buyer. I am more interested in who the buyer is because we all know one of the placement holders is the dumper - say they got 3mil+ shares at $1 there could be a few more dumping days ahead..
I will take a stab at JP Morgan being the buyer - they have been a supporter for a long time and at these prices I am guessing they would happy soak up many millions of shares...having bought 7.5mil at $1.00 if they could buy 3.25 mil at this price would bring their average entry to closer to 91c for the recent placement..to a bull on the stock this is nearly a 10% discount to what they were willing to pay for the shares...
Bot Model looks like it has worked out can sell about 700 shares every 10 mins from about 12pm thats 4200 shares per hour or about 16800 till the close of trade to hold the price down while sucking in the big dumper. So buyer attempts to buy 25000+ lots at about the same price. Action today suggests net buyer about 20,000 shares every 20 mins or so depending whats on the offer netting the buyer about 240,000 shares in 4 hours. The price is unchanged "botting brilliance"!!
As soon as dumpers are found out they will switch brokers/do it themselves through insto online broker connection etc
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