What is also very interesting is the $10M fully funded raise at .032c.
Let's say I have had more than a little experience in this space and I know that a fully subscribed ask to chase a cyclical commodity near its lows is a miracle.
I wonder what they have seen.
There wasn't any free attaching options with the CR as there usually is for the easy arbitrage trade either.
Shorts have actually trended down from the miserly hedge trade of circa 5M shares or current $75k. That's it.
So CR participants did not use the raise to lend for a fresh short position.
What does make sense though is that the selling while theatrical has been very low volume vs SOI.
Again, big holders are not selling.
IMO DYOR
RDN Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
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