Thanks, Jack.
Up to 1pm, there were 15,900 shares bought and 18,500 sold. The price dropped 3/32. From 1pm to 2:21, we had 27 trades at the offer in a row (this could be a record) for a total of 41,500 shares in all. The range rose 5/32 for the effort. From 2:21 to the closing bell, we had 35,900 shares traded at the offer and 35,200 at the bid and the bid/ask dropped 3/16 point. To recap then, 93,300 shares bought and 53,700 sold.
The block trades turned positive with all coming after 1:30. 29.5k in 4 blocks at the offer and 15k in 2 blocks at the bid.
Come March 2, preferred investors will be able to convert 290k shares at the price of $3.83 according to the rules set forth in the S1. A few more 'down' days won't hurt their results. All the shares on the buy end today only serve to 'wind the spring'. Look for a little pop like we had in the afternoon last Thursday and then again on early morning Tuesday to signal the 'all-or-nothing' sell is retracted. tscn.com
WH |
