It's called speculative money, the downside risk is minimal from here! You can purchase 200k shares for 1K, any positive news and the share price goes over .02 in a few minutes, a positive judicial review and it's back to .05 in a day or two, a license and it's well over .10. That's why someone would throw a thousand bucks at this company, it's called risk reward.
Assuming positive developments take place your look at an instant 100% from these levels, where can you make that kind of return.
If you've been watching the trading there has been quite a bit more buying than selling over the past week even though the share price has been on a decline, that tells me the the MM's are purposely taking it down to accumulate shares in anticipation of some positive news. If they don't get the news they just off the shares and and at worse they break even.
Obviously there is a more sinister scenario but that's for others to dwell on and not myself.
Patiently waiting on some positive news!
Assuming positive developments take place your look at an instant 100% from these levels, where can you make that kind of return.
If you've been watching the trading there has been quite a bit more buying than selling over the past week even though the share price has been on a decline, that tells me the the MM's are purposely taking it down to accumulate shares in anticipation of some positive news. If they don't get the news they just off the shares and and at worse they break even.
Obviously there is a more sinister scenario but that's for others to dwell on and not myself.
Patiently waiting on some positive news!
