Hard to say what has happened in the past week, but see below. In any case, I believe PA is about to reverse.
YYAI Facts:
- YYAI has authorization to issue $200 m ATM shares
- YYAI has agreed to fund their new venture for $250 mil along with a second $250 mil from JuCoin
- YYAI has received $30 mil in SOL (see my other posts)
- If YYAI issued shares totaling more than approximately 20% of outstanding shares, they would need to file an 8-k within 4 business days of issuance, or else face legal problems
- There has been no 8-k and we are on day 5 post-dumparoo
- YYAI daily volume has gone 1000x from typical days (why?)
- YYAI short volume has been 5-10x the current outstanding shares
- YYAI is down 94% from two weeks ago
The question remains, was there dilution, if so how much? If no 8-k this week, can assume there was none or little (or worse, company is fraudulent).
If no 8-k the dump is from a massive coordinated short attack.
If dump was a massive coordinated short attack, price will likely rebound, unless attack continues.
YYAI Facts: - YYAI has authorization to issue $200 m ATM shares
- YYAI has agreed to fund their new venture for $250 mil along with a second $250 mil from JuCoin
- YYAI has received $30 mil in SOL (see my other posts)
- If YYAI issued shares totaling more than approximately 20% of outstanding shares, they would need to file an 8-k within 4 business days of issuance, or else face legal problems
- There has been no 8-k and we are on day 5 post-dumparoo
- YYAI daily volume has gone 1000x from typical days (why?)
- YYAI short volume has been 5-10x the current outstanding shares
- YYAI is down 94% from two weeks ago
The question remains, was there dilution, if so how much? If no 8-k this week, can assume there was none or little (or worse, company is fraudulent).
If no 8-k the dump is from a massive coordinated short attack.
If dump was a massive coordinated short attack, price will likely rebound, unless attack continues.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.