That should have put a 4c bottom under the sp but the question is whether they will still want to exercise them now. Underwritten yes, but there is always a way out. The current sell down has most likely been done by either those who will pay for the 4c options and / or the 3.1c - CR participants. Happens everywhere as there were 70m shares issued. We just have to wait to be absorbed, maybe a few tax sellers on top of that, max of 100m shares. Should be done by end of this month. The sub 4c selling today could have been done by someone who did not really understand the anns and panicked or by a 3.1c-sophie.
Anyway, I knew that my buy in last week would crash the sp, as always. Now picking up more sub 4c for the future. Did similar things at DVL sub 1c and today was pay day after many, like here, suddenly turned on management just because the sp went down temporarily.
GLTA
NVU Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held
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