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Posted On: 01/24/2025 10:56:15 AM
Post# of 149686
For what it's worth, today's "sell-off" to around .20 isn't bad, considering we started the week around .15. If we finish at these levels on less volume than we had on Wednesday, I would be satisfied. It's apparent that something was expected this week. We joke that "somebody knows something", but that is often the case with micro-cap biotechs. When a PR didn't materialize, there was disappointment, especially from those that piled in to day trade. If there is no PR next week, the sell-off will accelerate and we'll all be disappointed.
I wouldn't hang my hat on the 20% institutional ownership until or unless we get confirmation from the company or a reputable source. It seems unlikely that this can occur without public disclosure. But what do I know.
I wouldn't hang my hat on the 20% institutional ownership until or unless we get confirmation from the company or a reputable source. It seems unlikely that this can occur without public disclosure. But what do I know.
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