Well, now we wait to see who purchased those shares. Not surprising that Crescat sold out, as they have provided next to no coverage on MMA for quite a while. I think that Crescat would have preferred for MMA to continue looking for the vent core.
Even though that shortman.com shows no short sales in MMA, I suspect that Crescat was loaning MMA shares out for quite a while and an unknown entity has been making money buying & selling MMA shares. With less than 30% of the share capital held by holders below the top 20, the share price movement has been suspicious. Now let's just hope it's not a company like Regal or the like that has acquired the shares.
MMA Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
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