I am changing my position on GNBT trading. I am now not as convinced that this is someone trying to hold it down (there may be some small investors selling for beer money, but no real big entity). The reason I say this is not pps, but volume.
If someone with a lot of capital was trying to hold it down, I believe the two news articles that were issued this week would have generated high volume with no pps increase (maybe even a slight decrease). That would be the sign of interested investors thinking they were getting in based on the news, and then the shadow entity knocking down every large buy with small sales at the bid or below that would continually hold down the price (probably accomplished through the MMs). We didn't see any of that - no volume, no attempt at a run that was thwarted, no interest in general.
Therefore, my new thought on this stock is that nobody knows what they are doing, and/or nobody cares what they are doing. This is very bad for us. If we had somebody purposely holding the pps down, eventually they are going to accumulate enough shares to let it run, then go after it again to trade it up and short it down. But with nobody even interested in it, we aren't going to see any serious movement until there is an actual asset on the books (probably a spun out NGIO) that shows a company with $800 million in assets trading at $.50. Until then, I'm not sure there is any PR that is going to affect the pps positively unless it brings real money into the company (not just $1 to $5 million like the Chinese contract).
So why is this happening? A throwback to the old GNBT - once burned, twice shy? Limited broadcasts of the PRs, so many investors aren't seeing the news? Other more "moveable" OTC stocks that the day traders/flippers play with more frequently because of better bang for the buck? I do not believe it's because of a lack of PRs or conference calls - we've had a bunch of those and still we idle along. And if the last two PRs don't grab someone's attention for the potential here, then I'm pretty sure nothing short of a balance sheet showing an incredible mismatch between pps and asset value is the only thing that might get this thing moving.
Until then, guess we'll have to wait for the NGIO spin out or some other asset increasing event (maybe a gov't grant or a PR from a big pharma about a partnership with GNBT) before we see any reaction. Unless any of you market watchers have a better theory - if you do, please put it out here so we all can think about it.
If someone with a lot of capital was trying to hold it down, I believe the two news articles that were issued this week would have generated high volume with no pps increase (maybe even a slight decrease). That would be the sign of interested investors thinking they were getting in based on the news, and then the shadow entity knocking down every large buy with small sales at the bid or below that would continually hold down the price (probably accomplished through the MMs). We didn't see any of that - no volume, no attempt at a run that was thwarted, no interest in general.
Therefore, my new thought on this stock is that nobody knows what they are doing, and/or nobody cares what they are doing. This is very bad for us. If we had somebody purposely holding the pps down, eventually they are going to accumulate enough shares to let it run, then go after it again to trade it up and short it down. But with nobody even interested in it, we aren't going to see any serious movement until there is an actual asset on the books (probably a spun out NGIO) that shows a company with $800 million in assets trading at $.50. Until then, I'm not sure there is any PR that is going to affect the pps positively unless it brings real money into the company (not just $1 to $5 million like the Chinese contract).
So why is this happening? A throwback to the old GNBT - once burned, twice shy? Limited broadcasts of the PRs, so many investors aren't seeing the news? Other more "moveable" OTC stocks that the day traders/flippers play with more frequently because of better bang for the buck? I do not believe it's because of a lack of PRs or conference calls - we've had a bunch of those and still we idle along. And if the last two PRs don't grab someone's attention for the potential here, then I'm pretty sure nothing short of a balance sheet showing an incredible mismatch between pps and asset value is the only thing that might get this thing moving.
Until then, guess we'll have to wait for the NGIO spin out or some other asset increasing event (maybe a gov't grant or a PR from a big pharma about a partnership with GNBT) before we see any reaction. Unless any of you market watchers have a better theory - if you do, please put it out here so we all can think about it.
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