RE: Sells23 Nov 2020 16:35
Tilly, I have engaged, rather wasted my time engaging with a few people over this selling, here, twitter and on advfn and have the gist of why some are selling so here is my 2 cents:
1, Some of the big sells are buys, I know atleast one person who has added 100's of thousands of shares today, it is very frustrating, he always gets below mid prices, very good relationship with his brokers. I am extremely jealous!
2, Shorting - I know atleast 2 who have posted in time with later shorts being closed who used the confusion around the oan to spread fear and tried to cause a sell off. Didnt work, I have seen atleast 3 short positions now closed when SP was above the trade price so they have lost out :-)
3, Misunderstanding the loan - I accept it, the loan is confusing, many people are afraid of Mint shorting 100s of millions of shares and knocking 90% off the value of their holdings. Not going over it again, but no this is false. Thats not how this loan is set up. A, the loan may not be drawn down, B if it is drawn down it is very much in Mints best interest for the SP to go UP not DOWN.
4, Misunderstanding the Loan in relation to CDX and Lilly. Some people cannot accept that Vlad would go for a loan when Eli are going to sign a deal in coming weeks for CDX and therefore are jumping to the conclusion that the licence wont be signed. In terms of a stretch this really is one.
A, Eli have given no indication they wont sign
B, The licencing agreement is unlikely to be anywhere near 60Mil - Vlad wants to do ALOT this coming year
C, Before Hemo were completely dependant on Eli to offer any amount and could not accept as they needed cash. Some people just do not understand leverage.
Whatever way you cut it, none of the reasons for selling or for SP being red has ANYTHING to do with the company, its all based on peoples opinion and emotions. I have done enough reading and research to know that Hemo is a safe bet for me, others may think different, I dont really care, its my money and I am happy to invest. If the sellers want to keep it up until next Wednesday please do I will have another 10k to invest and more than happy to put it here :-)