Jan. 6 at 10:06 PM
$MSAI They needed to buy 457 million shares at about 11:20 to move it a tick or so to start the festivities for the day. That is a lot. Maybe it was those who got smoked in premarket. 😆They kept the trading tight between .37 and .40 so most likely held while they teased in more retail with the volatility. Hard to play this game and make anything for retail.
The algorithms are reading the market and trading in real time. I'm thinking is is best to wait for the new shares to weigh it down and play a sell off driven by capitulation. Look at the one month daily chart to see the increase in volume after the sell off triggered by the SEC notice of effect for the offering on December 31st. They have until May 11th to get compliant but judging from the activity so far I doubt that they go that long before splitting the stock.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1863990/000110465925114603/tm2531857d1_8k.htm
...an extension of an additional 180 calendar days, or until May 11, 2026, to regain compliance with the Bid Price Requirement.
