You dont have to be a fucking CIA spy to see what happened here before announcement of secondary TODAY
Vuzix Announces $11,250,000 Common Stock Only Registered Direct Offering Priced At-The-Market at $2.25 a share stock The selling of the stock was known since May 7, 8th the Hedge Funds knew the price and sold into any buying that showed up north of $2.25, so lets say they didn’t do that well made 30 cents on 5M shares for a day= $1.5 Million in profit locked in
ZERO RISK without shorts selling into the buying stock would have been $5 not $2 and only 2.2M shares would have been issued NOT 5 Million More dilution down the road will equal a reverse
THE CAR WASH
Date | Open | High | Low | Close* | Adj Close** | Volume |
---|---|---|---|---|---|---|
May 11, 2020 | 2.4400 | 2.7400 | 2.2100 | 2.7200 | 2.7200 | 4,184,816 |
May 08, 2020 | 2.5900 | 3.0800 | 2.4700 | 2.7400 | 2.7400 | 22,260,700 |
May 07, 2020 | 1.9000 | 2.7800 | 1.8500 | 2.2100 | 2.2100 | 16,659,500 |