This morning, in the first hour and a half of NASDAQ OTC trading — Mattersight saw nearly 400,000 shares change hands. [Normal recent full-day daily volume is like 70,000 shares.]
There were clearly pre-arranged buyers for these shares — otherwise the price would have fallen precipitously.
I would venture a bet that Craig-Hallum lawfully arranged the trades — as part of the continuing stabilization efforts, under the S-3 resale registration statement — which covered the prior Reg. D private placement, from February 2017.
That’s my bet. But I would not expect the Craig-Hallum confab next Wednesday to do much of anything to lift the stock price.
You’ve been warned. [And perhaps — just perhaps — this long-running blog becomes a virtual bill-board, of sorts — to solicit appropriately injured federal securities law class action plaintiffs — there must be thousands of deeply disappointed investors out there, now.]
It is also interesting that computers residing on the US Securities and Exchange Commission’s government IP backbone visit here, pretty regularly… maybe I should ring them up, as well. Wry smile…