It won't be Gleneagle. The convertible notes were issued to clients of Gleneagle. It's just a hunch anyway but it's the only thing that easily explains why our sp held so well while markets were falling but then MWR sp took a sudden hit yesterday on volume despite a big rally in markets. I don't see anything negative in it if they have been selling just to maintain their current exposure.
The positive side (if my hunch is right) is that they have probably come close to selling as many as they would need to to cover most of the $500k. If there is another 20,000-30,000 shares to go, it could be cleared by the end of today and we could be quickly pushing back up to $5 and beyond.
MWR Price at posting:
$4.54 Sentiment: Buy Disclosure: Held
