The answer is simple and our own management should have been able to foresee what is happening this morning.
The thinkers bought at the ridiculously low price of .002 cents with a free option attached.
If they were quick they could sell on open, once the shares were issued, and get their money back but they would still have the free option.
The sp is rooted big time but management are too stupid to have any idea that that is what would surely happen.
They listened to a broker with a self interest who told them to do it this way.
The LTH and dumb schmucks who went along with what management told them are now screwed for a very long time or at least until they make a big find, and the companies record on that is not good.
I would have given them much better advice than the broker for free and it would be much better advice than they got for a big fat fee.
Bloody disgraceful.
Lockitt
ICG Price at posting:
0.2¢ Sentiment: None Disclosure: Held
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