Hey mate,I know that myself and a few others, had been holding...

Hey mate,

I know that myself and a few others, had been holding the trigger on buying more until Bergen had finished dumping.

I mentioned weeks ago that I thought they’d likely push the price down to 0.001, and scoop as as many as they could in their final tranche.
Dumping them into the bid at 0.002 made sense, because historically a pip or two was enough for them …. So doubling their money straight away was a win.

In the first hour or so of trading, it became clear the appetite for shares at 0.002 was going to likely leave bid wall at 0.002 …. De-risking it to essentially brokerage.

I bought almost 30mill myself on this alone.

Agreed, there has also definitely been a lot of buying in the days following. Lots of volume so I don’t doubt a bit of FOMO and trading.

I guess we’ll find out next week what is going on.


All IMO etc etc


Cheyne