Comment: VUZI up on big volume and all of a sudden an article comes out saying that it has been ‘leaked” about Apple’s glasses, which Apple has said won’t be around until 2024-Exactly what happens when the shorts start getting worried and they plant BS Stories.
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
Last week, VUZIX announced compatibility of their Augmented reality technology(glasses) with COVID detection. The stock moved significantly higher on close to 20mm shares on Thursday and Friday-normal volume is few hundred thousand shares at most. Each day the swings in the stock price were very significant. VUZIX has been on the Reg Sho list many times(indicating fails to deliver) and has a huge naked short and reported short in the stock.