HIO didn't have a clear path forward until now is the simple answer to that question. All that detail suggests a full presentation pack is just around the corner.
Regal sold 2.5 million shares yesterday (37 million shares traded in total y/day, so they weren't the reason for the crash back) , so by my reckoning they are now down to around 34.5 million shares left. Seems they are happy to dribble them out from here, so that's a positive as well. Seems some confusion about how many regal own following the transfer to their prime broker (Citi)
Technically, no question dissappointing price action with third rejection from above 5 cents , but remaining positive while HIO maintains a toehold above 4.0/4.2,
HIO Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held
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