Yes you are correct. What is encouraging is that I would assume a number of existing holders sold before the SPP closed (those that didn't want more but wanted the arbitrage) so that in my calcs - around say 3m went to old holders and say between 8/9m went to new holders about 1m have traded so thats a potential say 7m left. I for one want to get in so I am not selling. and I think that around 40% are the same based upon pure guess. The real traders I think have left the building and now its the in betweens. That means per my calcs that this has over 30 days to work through at 200K per day. With the market wobbling around that's a long time.
However by then the market should also have some direction.
I am not a seller but based upon hind sight I would think that SOL is the better value at present as I only got around 3000 over 3 hin's its not a problem for me. Surprised that SOL hasn't been in the market buying.
BKW Price at posting:
$12.42 Sentiment: LT Buy Disclosure: Held
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