Dec. 25 at 12:36 AM
$GANX After some evaluation my opinion is the Warrant Holders at
$2.75 and
$1.65 were the ones shorting on the December 18th data drop.
Their warrants were well in the money with the SP at
$4+ in premarket. The December 18th data wasn’t everything that was expected. So by shorting a proportional amount of shares to their warrant holdings. (Only a few million dollars worth). They were able to hedge their unrealized gains on the warrants with a large short.
They essentially got to see the data without risk. Once they evaluated that it wasn’t enough to send the share price to the moon, they locked in profit. They now are making more money with the Warrants going back into the money leading up to the KOL event. Perhaps a situation to keep an eye as I predict SP appreciation into the event over the next couple weeks.
