There was a 7 million buy order at 16c (now 4.2) as well as a...

There was a 7 million buy order at 16c (now 4.2) as well as a 3.5 million buy order at 16.5c (now 2.9).

The additional 2.8mil and 600k buy orders disappeared right before close.

Prior to the CR, these stacks were on the sell sides rather than the buy sides, which were used to prevent the SP from rising. For example, prior to close you’d see 3 million shares on the 20c sell side, and right before close would drop to 1.5-2 million.

The flip to the wall stack on the buy side now shows that the instos are looking to get in lower than 16.5c. Which means we could see more selling pressure until they’re satisfied.

You could view this as a positive (meaning they want to buy in). Could be a negative too (shorting the stock) though the buy order wall suggests otherwise to me.

FYI this is just a theory, however one I’ve been paying close attention to over the last few months.

One more example, after the debt financing milestone the other day, out of no where there was around a 4 million sell order at 20c, which disappeared by days end.

Over the last few months they always prevented the price from rising after each positive announcement.

Perhaps I’m wearing a tin-foil hat. You guys can decide that.

I’ve got a buy order in at 16.5c.