I would say their is a little circle of money occurring which is causing the downward pressure.
for example ERJ raise cash at 1.2c from person A.
Person A sells all shares at or above 1.2c but person A keeps the free options.
ERJ then raise cash from person A at 1.1c and the circle repeats.
Until something happens that breaks that circle.
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- starting to feel bullish about erj again
starting to feel bullish about erj again, page-16
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