YYAI oversoldHard to say what has happened in the past week, but see below. In any case, I believe PA is about to reverse.
NASDAQ: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.
