Could quite easily be a market maker who is happy to take a 2%profit in two months, equating to 12% per annum..
I believe this has been taking place from $ 1.67 .... when the % gain equated to 24% annualized.
Time decay will gradually cause the SP to reach full T/O price ($1.75) just prior to 20th June.
Simple logic for these people... no risk... locked in profit.... unlikely, nut slightest chance of another bid.
I have a colleague with 800,000 shares who looked at selling at $1.69, to cash up.
Did the sums and saw he would have to forego $48,000 profit.
With no other possible trade in his sights, naturally decided to treat the time decay as an alternative trade, with little to no risk.
VLA Price at posting:
$1.72 Sentiment: Hold Disclosure: Held
