Mar. 12 at 7:23 AM
$XWEL 13G Dropped! We might expect to see the "Golden Letter" (Naz comply) minutes before the open? - they also have the CDC stuff to issue + I think maybe some major contracts etc. Maybe some new Board appointments. American Ventures has a good track record of dealing w/ Shorts and right now they are over a barrel big time. We saw some of them just bite the bullet and cover yesterday (push to
$1.61) but the majority of them are still in the saddle and it's already and has been costing them a fortune (832% interest) - if XWEL starts moving North ASAP the shorts are worse than done. They banked on their shield wall at 1.40 then 1.50 then 1.60 (it held). Their gamble of non-compliance didn't pay off. The kill box for them is
$1.70 to
$2.00 - IF we can break that then we're off to the races. VWAP Orange Rope still holding. Also hope we make the scanners (Zendoo, etc.) Good Hunting!