Not a financial advisor, so dyor. Been long enough in the game to see how this will continue from here.
Currently sophs are selling with a 10% ROI, while retail investors are already bleeding badly. With already more than 150 mln volume sophs actually have a chance to sell the entire 350 mln with profit in the coming weeks.
Impossible this will happen for the 900 mln that will be issued there after. Volume will hover between 0.001 and 0.002 for a while on low volume until a consolidation is announced and post consolidation this will trade below 0.001
Truly hope I will be proved wrong, I am no short seller. Of course it's possible that drilling provides that bonanza hit. But at current stage it's a casino bet.
Best of luck to all. Cheers
MLS Price at posting:
0.2¢ Sentiment: None Disclosure: Not Held
