AC8 1.92% 13.3¢ auscann group holdings ltd

where to next?, page-557

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    So 132 million shares were released from escrow, roughly 10 million of which have obviously been sold for whatever reason the last few days. So about 94% of shares are still being held at this point.

    Interestingly though, AC8 still could not make a lower low yet, even under that massive volume. Buying interest kept coming in from somewhere. I doubt from retail, they aren't that brave.

    I think there is too conveniently and obviously a motivated big buyer in the ranks soaking this partial escrow sell down. Broker data in a few days will be interesting.

    It would probably take another few weeks or so of 5 million shares being dumped per day to break the current major support line. At which point the next and only support is 20c, which it would reach in a flash - but this would put the escrow shares out of profitability. So I dunno. At some point sanity / reality must take over
    Last edited by avagadro: 05/02/19
 
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