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red sox 777
06/17/20 6:29:18 PM
#367:


Lopen posted...
The funniest thing about this is that it's actually been higher than that price for more time than it hasn't been since it was unfrozen.

Like any sort of discipline with the stock gets you much more than 200 million even if you wanna play it conservatively and sell before there's a serious delisting risk (I think we're coming up on that in the next few days). And I wouldn't be surprised to see it get over $6.88 per share long term (what it needs to break even on the $500 million)

Well, in fairness to them, it's not quite that simple when you are trying to sell tens of millions of shares. At that point, your own selling causes the price to go down if you do too much at once, so you can't just send a sell order at the market when the price is good.

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