share overhang

  1. 4,515 Posts.
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    I would suspect the Goldman Sachs 75,000,000 options which have been exercised @ 0.105 cents per share only a few weeks ago are now on the market! Just because they bring out a target price does not mean they are not sellers-

    I think they will be cashing up big time - 75,000,000 @ say 0.40 cents = $30,000,000.00 easy money!!

    There has been a BIG turnaround in the sell/buyers ratio over the last week - bigger seller numbers both in shares and number of sellers!

    This no doubt will take some time to change around -

    Also their may be a CR coming our way - but this may be less not because of the share price drop from the mid 40's

    Thoughts anyone
 
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