"The same pattern was seen in july. Prospectus, huge unexpected volume followed by a financing closing in mid july. Wash, rinse, repeat.
Now, what is the end game for MMCAP? Not in their mission to be long term shareholders."
Good call Mironclaw. Thankfully the TickerSymbol:You followers were there to soak up the shares that MMCAP needed to sell to stay under 9.99% and bring us to higher levels. And they were able to do it twice now. I would like to see an increase in Institutional holding because it appears the recent moves were sending shares back to retail at the same rate that MMCAP picked up.
Good luck, Jque