AC8 1.92% 13.3¢ auscann group holdings ltd

Chart & TA, page-117

  1. 1,063 Posts.
    lightbulb Created with Sketch. 105
    I think its pretty obvious that the shares being sold are from escrow, Im not talking about every single one, but 97%, you can get this calculation by checking the volume before the escrow and then looking at it straight after, also look at the average parcel sold before and then after. Of course there are some retail in amongst it all. But a majority of the selling is escrow. The 3 mill buyer I dont think is concerned about 100k, thats not the only parcel they bought, Im pretty confident its the same buyer thats bought up the whole time. We will be finding all this out soon enough with filings.

    Close to 90 mill sold, 30 mill left, buyer has soaked it all up so far, dont think they are going to stop at the last 30 mill , thats assuming they are ggoing to sell the whole lot. Im putting my money with buyer.Also all the talk about fundamental , whilst I am bullish the sector fundamentally (so many positive catalysts to come out around the cannabis sector), this is the stock market, its more about psychology and sentiment, look at shares like APT valued at 5 billion, and havent got any revenue, something to remember, its about sentiment, and some big baller certainly thinks sentiment will change, and you can look at fundamentals of supply and demand, the escrow supplying right now, buyer is demanding, but escrow doesnt have much left in their pocket. So what happens when the supply drops off to the volume we were at pre escrow (check out the daily volume pre escrow it was 273k shares a day) but the demand of 5 mill buys stay I think its a quick ride up.
 
watchlist Created with Sketch. Add AC8 (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.