I saw this post at the swamp last night and meant to share it here, but got sidetracked by my lovely assistant. At any rate, here is a history lesson from BK...What nonsense. I’ve been here since before Leo took over. The price started its series of parabolic steps with a move up in July 2012 when it peaked at 1.90 range from a .60 start. It then entered a volatile but range bound trading pattern for the next 18 months. It then entered another parabolic stair-step beginning July-August 2014. Through all of that a pump group claiming to be looking for over $50 before selling kept adding participants. The group began liquidating CTIX at $4 and moving that money into CLSN which was supposed to be a lock on a FDA drug approval. Nearly the entire group took the money from their CTIX success put it into CLSN only to lose ninety cents on the dollar when CLSN failed its FDA approval. Yes, positive PRs of progression (announcing the Aspire deal started the run in 2012) were catalysts, but the pumping came from the $50 group. A rabbit participated only to lose huge. All those shareholders had planned to take their CLSN sure thing profits and reenter CTIX above $2, which of course never happened.
The main reason for the spike was that pump team. If one wasn’t here, one wouldn’t know that.
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Lord, help me to be the person that my dogs think I am...