What would you do ? Sell for profit or stick around for greater returns. It just seems at the moment with a controlled sell in the .032 range a profit taker ( possible Mr 27 mill man or others in the same boat ) is keeping a lid on the price rising.
27 million options .001 purchased for 27k
27 million paid shares at .02 + 27k = 567k total outlay.
Sell 27 million shares at avg .032 with a .012 spread = a profit of 297k
Easy money if you have cash in the bank. It will be interesting to see if there are any changes to substantial holders list coming from the conversions
What would you do ? Sell for profit or stick around for greater...
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Mkt cap ! $3.488M | |||
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