Originally posted by mosquito616
Not a great sign for ect with holders bailing out of ectoc for .001 with still a few months left to go before expiry . Yesterday a 10 million unit seller and again this morning another one of nearly 10 million. These people have obviously given up any hope of ect shares appreciating in price before expiry date .
What are you talking about? 7,9mil sold yesterday and none today. Where do you get 10mil yesterday and 10mil today? Am I missing something?
IMO someone who was given some free options by the company decided they won’t have the money to convert in July so sold and picked up $8000 for nothing.
On the other hand, someone bought these, so has punted $8000 on the sp being 4.6c plus in July or is hoping for a sp spike on news of signing and the opportunity to sell them at .002 or better.
Either way, it’s a punt, but if you have the money and believe in ECT it may well be a good punt.
$8000 on Winx at $1.10 is another option.