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Originally Posted by corn18
Not true. KTOV was averaging over 165M shares for a few days. One day it was over 330M shares. The price stayed fairly stable the whole time. KTOV was doing a direct offering at above market price during that time. You could have easily bought millions of shares and not impacted the market price. And it didn't tank after the volume returned to normal.
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Large investors and funds are not day traders and don't sit by the computer buying 40 million shares. Those shares would have to be bought in chunks of 1000 shares at a time so to not disrupt the market. No one does that! Plus, they would not have the benefit of warrants. Finally, and most importantly, it would be illegal for them to buy on the free market as they have inside information! That's the whole reason for the private placement/direct offering.