Pic, while you try to digest what happened yesterday with the dumping of millions of shares. Let me give you a theory to chew on. I could be totally wrong but just a theory.
We all know there has been a lot of positive chatter about several MJ stocks here. One in particular is pretty interesting.. So maybe someone saw an opportunity to gain back some of their losses in BRVO. By selling their stock and buying said MJ stock.
Now who would do this? I've been pretty clear that the only reason I hold my stock is the hope that JP and AB will regain control of this company. My hope is that the SEC will see the actions of the current management as criminal and prosecute them. There is zero reason for me to hold this stock if current management were to stay in control.
Now for me. With my belief that PP was fired before his maneuvers. That JP and AB should rightfully be in control. I have belief that there may be great potential here. A great enough belief that I would not sell my shares for a trade somewhere else and lose my long term status. A great enough belief that there are wrongdoings that will be handled by the SEC. All imo.
So now we come to the question. Who owns millions of shares who believes current management will remain in charge and has professed to be buying said MJ stock?
I don't think smiley has any faith in current management or the SEC.