"Was that the toxic note that's been knocking us down on news?
How many shares do they still have?"
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Yes. Hudson Bay was being repaid, partly, in shares, which they then dumped into the market, making the supply significantly outstrip the demand with the net resultant being downward pressure.
That dried up in the past couple of weeks as we have seen lower volume and no more downward pressure, in fact, the stock has been moving up.
With that oversupply now gone and the entire atml purchase paid for in full, UNXL is sitting in a very good position. They also have completed their technology transfer ahead of schedule, positioning the company to ramp up with a lower cost structure.
There was dilution, of course, but since they had such an incredibly small outstanding share count to begin with, they now only have about 30 million shares outstanding, which is still quite low as compared to so many other companies.
Somehow I think we might just get some more bullish news in the weeks ahead.