Thinking aloud :
Do not like the look of how the stock is tracking lower on reasonable volume vs when it went up rapidly on light volume - the liquidity rationale of placing $50m worth of stock has not worked positively.
$2.90 is still 13.3% up on where it was a year ago, and still some 300% up on where it was 2 years ago.
So still enough shareholders sitting on big enough gains to exit with a profit - likely means that short term selling pressure will continue until the stock finds a fundamental value base.
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