$Richtech Robotics (RR.US)$ I read the latest announcements ...
I read the latest announcements the Owner Zilong Zhao sell the share for 2 million unit share at 0.34
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Scoreville : The sale could have been for many possible reasons.
Looks like that happened on 8/8/24 and it indicates they were sold on the open market. That’s 2 days after the plunge from 1.38 to .30.
I thought these sec form 4’s were supposed to be filed a max of 2 days after the transaction??
Lucas 0927 OP : Yeahhh you are right bro. I double check the date which is true
No wonder that day dumped so much
Scoreville Scoreville : Actually after rereading it again 8/8/24 is indicated as the date of the earliest transaction. It doesn’t mean all 2.2m shares were sold at once. The form also indicates the beneficial shareholder retained 1.7m shares, so that to me means it wasn’t someone jumping ship, they were reducing their stake, and again this could be for numerous reasons, even personal financial issues.
Lucas 0927 OP Scoreville : Appreciate RR group have you
Scoreville Lucas 0927 OP : From what I’ve been able to undercover on 8/6/24 that plunge was a short attack. The volume that day was an unusual 52m.
Looking at published historical short activity fo RR you can see in the screen shot below that short activity really amplified at the end of July 2024.
Selling 2.2m shares after the 8/6/24 short attack only played into the hands of the shorts.
Share prices have struggled since then
And you can see that current short activity is double what it was since the end of July.
When people tell you “stop blaming the shorts” or are spreading misinformation about how a company sucks or is bleeding money, know that you can always look at published data yourself and start to wonder why someone would say those things…..they’re probably the ones doing the shorting…
Lucas 0927 OP Scoreville : Indeed. Thanks alot
thanant Scoreville : why today this filling out ?
thanant : I thinks
something bearish news gonna out ? why sold for 0.34 ?
TechWhiz thanant : yes, expected one...
Richtech Robotics faces Nasdaq delisting over share price By Investing.com
thanant TechWhiz : days.
The current status does not immediately affect Richtech Robotics' listing on the Nasdaq Capital Market. Nasdaq has provided the company with a 180-day grace period, ending on April 23, 2025, to regain compliance. To meet the requirements, Richtech Robotics must maintain a closing bid price of at least $1.00 per share for at least 10 consecutive business days within this period.
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