$VINO LongI am long $VINO.
Uplisted to nasdaq February 17th 2021.
Float just increased by a maximum 1.5M via equity offering that should be closing within the next week.
Current float now stands at 7.5M shares.
I've personally been watching the (mostly) dry tape over the last few weeks as I've also accumulated a core position...large buyers just keep the spread wide and it moves exactly like you'd expect a low float to trade day to day...that is, sparse volume, large hidden buyers and sellers with icebergs everywhere and wide price movements due to a relative lack of liquidity. Today saw well over 200,000 shares at the ask bought and a consolidation down to some moving averages and above vwap.
Keep in mind that a little less than a month ago over a million shares traded hands within a 1 hour segment prior to the 4PM close and in afterhours. Then an offering for 1.4M shares at an aggregate $3.68
If you don't trade low floats often be careful not to get too carefree.
