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What Is Elio Stock Trading For Today?

Samalross

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Please explain...I think I like.
It looks like Elio was paying for stuff with Elio shares. The price was $5.95. I think that the suppliers could not redeem them as long as the shares were worth more than $5.95. Being below $5.95 for two trading days would entitle the suppliers to sell the shares. Thats why I think that Elio gave the suppliers more shares and a lower price point. Should find out, if a lot of shares are sold tomorrow. If not we will find out next SEC report.
 

Samalross

Elio Addict
Joined
Mar 3, 2017
Messages
890
Reaction score
637
Location
Toronto
It does look like there are people trying to sell multiple medium sized blocks of shares, ranging from about $ 7,000 to $ 18,000....
Yes, I'm confused. My best guess is that not everyone agreed to a lower price with more stock. Be interesting to see the next SEC report to try and figure out what is going on
 
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