I think this is exactly correct, although in addit
Post# of 148150
Institutional ownership CYDY: 0.11%, 21 institutions
Institutional ownership GILD: 80.07%, 2149 Institutions
Bristol-Myers: 76%, 2819 institutions
Pfizer: 70%, 3161 institutions
EUA/Approval (along with the positive capital milestone and perhaps reconstitution of BoD) will enable uplist; uplist will enable increased institutional ownership, which will significantly increase demand for the stock and big/smart money investment. Imagine if institutional ownership increased to roughly same percent as other pharma - share price will follow.
Quote:
In my opinion , the downward drift more than up days is the amount of Retail buyers in this stock . It’s the OTC curse. Most large investment firms cannot invest in OTC and others can’t invest in “penny” stocks under 5 bucks a share. So we have limited buyer power and a helluva lot of short activity. It’s why shorts love OTC. Easy Pickens
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