As %age of total AMM on issue we're looking at 3.4% turnover yesterday and around 2.45% today so doesn't seem to be that significant.
It seems more likely that sell side is folks taking assured profits, and buy side is folks wanting VOC at a lower price (and assuming the deal goes through). Until the last few hours you could buy AMM for 5% discount to the VOC price based on the 0.4614 conversion ratio.
At $2.75 AMM is at parity with VOC at $5.96...
AMM Price at posting:
$2.75 Sentiment: Hold Disclosure: Held
