Why price stuck at 0.3?
Guys, that’s just Hudson Bay selling off shares because (According to Mysterious MM, if a buyout happens, Hudson Bay can’t carryover shares to the new company so their shares will become worthless, which is why they sell it even though they know there’s a buyout instead of going for a higher price). According to Theresa in the video link below (Thanks @sincere Iguana_1981 for the info), under agreement (evidences are in the video link), if the price drops below 0.3, Hudson Bay can only sell 9.9% of their shares a day, which is why Hudson Bay wants to keep it at 0.3-0.31 range. Looking at these 3 days chart performance, you could notice that there are numerous 100k shares being sold off at around 0.3-0.31, and that’s the reason why. This causes a domino effect where either shorts are also selling at 0.3 and waiting for the 0.28 dip or instilling fear among people, which causes them to quit. Hudson Bay aren’t trying to short it so the price will keep oscillating between 0.28-0.32 for the time being until Hudson Bay sell all of their shares. Personally I think that shorts driving it down to 0.28 is just delaying the process of Hudson Bay selling off the shares, which results in the 0.3 wall being there for an extended period of time. I’m not a short so I have no idea what the shorts are thinking but sacrificing the 0.1 (as you could see thses days, if Hudson Bay isn’t involved in it, with the high buying pressure, it could easily exceed 0.4) and earn 0.02 (from 0.3-0.28) instead might be a bit weird, isn’t it? ^-^ After Hudson sell off their shares, you will see an escalated rise in price. (Again, disclaimer XD)
I understand that some are oppose to the idea of looking at youtube videos. However, not all are spreading rumours, some use evidences as backup while trying to explain things in detail. Thus, I would suggest looking at the video first if you have any doubt about that. If you have any further doubt after watching it, it’s totally alright to defuse the idea and you are free to oppose and say anything :) I’m a beginner in investing with a less than 20 days investing experience, so it’s always lovely to have any kind of discussion, be it agreement or disagreement because there are lots to learn about. ^-^
Youtube video link: $AVCT Why is the Price Stuck and Update
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easygoing Lyon : right on man. I'd rather have all info available. a little research weeds out the rumors n BS. "The More You Know..."
Xiaoxi_penguinOP easygoing Lyon: Oh yes, totally agree
sincere Iguana_1981 Xiaoxi_penguinOP: Aweee so sweet
Xiaoxi_penguinOP sincere Iguana_1981:
shy Cheetah_0241 : I come to the same conclusion. They have the filling papers wrote a certain way so people do not understand them. We will all know around this Friday! There has been a NDA till Hudson could sell off all there shares. If the bulls had proof that was the plan it would have been much harder to sell that many that fast. Not bad for a newbie lol. Welcome and good luck. Hopefully You do well.
YYVE : Thank you all is in place for the buyout, staff change all the fillings. We just need to hold.
Xiaoxi_penguinOP shy Cheetah_0241: That’s awesome ^^ If 10 days refers to business days, it might be 4-6 oct instead of 1 oct though, will have to see how it goes
Xiaoxi_penguinOP YYVE: Let’s hope for the best
YYVE Xiaoxi_penguinOP: Yes yes yes
YYVE Xiaoxi_penguinOP: Moon we see soon
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