Jimmy the Geek : i'm confused too.
Ma Yilong : it's called profit taking.
Daight : this is why.
VenuGopaal : Dilution
Bigboybaseball OP Ma Yilong : If it will eventually go up far more, why profit take at under 4 dollars?
Ma Yilong Bigboybaseball OP : the key word here is eventually. it is not a linear way up. chances are high for it to hit 2 plus before going up. earlier on someone commented on staff selling, those are the ones who scooped at below $1 per share...
Bigboybaseball OP Daight : Was this public information beforehand?
Daight Bigboybaseball OP : news come out 40 minute before RTH. after the initial dump to 2.2
Rafey Jan : @Bigboybaseball does that mean lgvn sell its stake in securities or their equity remain the same after issuing direct offering.
Jimmy the Geek : i'm confused too.
Ma Yilong : it's called profit taking.
Daight : this is why.
VenuGopaal : Dilution
Bigboybaseball OP Ma Yilong : If it will eventually go up far more, why profit take at under 4 dollars?
Ma Yilong Bigboybaseball OP : the key word here is eventually. it is not a linear way up. chances are high for it to hit 2 plus before going up. earlier on someone commented on staff selling, those are the ones who scooped at below $1 per share...
Bigboybaseball OP Daight : Was this public information beforehand?
Daight Bigboybaseball OP : news come out 40 minute before RTH.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
after the initial dump to 2.2
Rafey Jan : @Bigboybaseball
does that mean lgvn sell its stake in securities or their equity remain the same after issuing direct offering.