It’s got to be fear of offering!
$CytomX(CTMX.US$ FINTEL had 4.4 million shares LTB 5 hours ago! and still has 4.2 million LTB now!
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Daight : short seller be printing free money.
Jaguar8 : Good study result + good earning beaten by fear of offering and the offering has not yet been offered anyway. Doesn’t make sense to these traders haha
TrytosaveabitOP Jaguar8: And like I said with FINTEL still having over 4 million shares! I believe that drop was 90% sells to save profit?
TrytosaveabitOP Daight: I don’t believe most of that drop came from shorts! I believe some found the same info I did about the possible 150 million dilution?
Daight : I mean the short earned a little bit of free money with the panic of selling. he doesn't have to do anything at all.
TrytosaveabitOP Daight: Hehehe! That’s for sure! Everyone did the work for them! I apologize for the misunderstanding! Hehehe
Jaguar8 TrytosaveabitOP: Yes they wanted to secure profits which is understandable. They are probably afraid that the offering is coming today too haha
TrytosaveabitOP Jaguar8: The way the price dropped it wouldn’t surprise me if they file it before vote? Hehehe
Jaguar8 TrytosaveabitOP: Most likely but oh well the scare has started anyways so why don’t they drop it now haha