With only 125k traded today, I don't think it is a
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Posted On: 04/15/2020 1:15:34 PM
With only 125k traded today, I don't think it is a big player. I think it's the MMs trading between themselves to keep the stock in a range.
Why they want it in that range is the important question in my mind. Who does it benefit to see GNBT stay low? Wouldn't the financing institution that is backing the S1 benefit if GNBT were $.50, rather than $2 when it's approved and Joe has to tap it to bring in some operating cash?
Anybody else that anyone here can think of that benefits from a lower pps? I suspect whoever it is, they are the ones giving those orders to the MMs and thus we sit at $.50 when this stock should be trading at $3 - $4 based on shear potential alone. IMO, of course.
Why they want it in that range is the important question in my mind. Who does it benefit to see GNBT stay low? Wouldn't the financing institution that is backing the S1 benefit if GNBT were $.50, rather than $2 when it's approved and Joe has to tap it to bring in some operating cash?
Anybody else that anyone here can think of that benefits from a lower pps? I suspect whoever it is, they are the ones giving those orders to the MMs and thus we sit at $.50 when this stock should be trading at $3 - $4 based on shear potential alone. IMO, of course.
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