$TOPS β€œcertain institutional investors.” That’s the hint left in the dilution. $2.00 per share, 8.4m shares. When dilution occurs the stock price tanks because increased supply, same demand, price automatically must move up for equilibrium. But wait: Float=Shares Outstanding -Insiders-Institutions Insiders and institutions must file with the SEC to get out. So the actual increase in supply is muted significantly. Just thinking πŸ€”
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