So Sabby dumped +3m shares in 2Q | EMAN Message Board Posts

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Msg  4615 of 4682  at  8/15/2019 5:45:10 PM  by

crony


 In response to msg 4612 by  frankenberry
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Re: So Sabby dumped +3m shares in 2Q

Total volume from April 1st until June 30 was 8.7 mln.
I just cannot believe that it was possible to sell 3.7 mln shares on open market considering that usually 80% (plus or minus) of the daily volume are traders/speculators.
If we assume they were actually selling on open market, that would explain the stock price collapse. And why not sell at 40-50 cents if they can now buy another 5 mln shares at 20 cents.



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