Oct. 26 at 12:21 PM
$NCL Lots of info about the recent filing shortened to correct a few people... NCL Could be a potential big play soon. Side note, it appears the free float is higher than it should be. About 7M maximum for now.
This is pre-diluted. It is part of the outstanding shares and will be part of the float once sold. These are 10 different MMs who will likely work together to push the price up so they don't sell at a loss (prices listed in images). The latest issuance was in September and the company raised almost 12 million which will be reflected on one of the next two ERs. The outstanding share balance is accurate and will not increase as the shares are already issued.
It is possible that the MMs have been purposely lowering the price to average down to make bigger returns.
That about sums it up. This will not dilute the outstanding shares, but will increase the free float when they are sold which is currently appearing to be inaccurate.
