as suspected
Largest net buyer is one group - I reckon it’s one of the major shareholders trying to prop it up for the next cap raise so it doesn’t dilute them as much as it otherwise would.
I say this cause last time they raised money,none of the large shareholders put their hand in their pocket. A totally new group did the whole raise as a debt convertible note.
so my analysis here is that for the cost of say buying 4m shares - at 2c on market, they spent the $80k to save dilution... without that continual propping, this would be closer to 1c than 2c imho.. they can’t gild the Lilly forever though.
Buyers beware! Disallowed salesman making it look more valuable than it is.
Smoke and mirrors at best
You are welcome in advance ;-)
as suspected
