From recent history that demonstrates the point:
Post# of 148286
September 28th we close around 59 cents, conference call after hours…September 29th we drop like a stone to about 43 cents…short volume increased to 1,621,522 shares from previous days 438,897 and fails to deliver rose substantially by over 500,000 shares on 9/29. I listened to the conference call, short take sky not falling, Cyrus et al working through the problems…ship under sail with mission priorities crystallized and compass point set…I let my golden eggs continue to incubate. There will always be investors who’s patience is exhausted and sell, I think most at this point know what they own and are in incubation mode.
In the grand scheme retail and company operatives own the vast majority of the float (WELL over 90%) and like the incubation approach. Many of us own a much larger lot than the majority of institutional investors. You have to go back to 2020 and the run to $10 before you see company insider sells recorded…none for quite some time…they are on board with incubation also. A very small % of float can easily step on the stock price and those failed to deliver trades are not legitimately part of the float…but can create impressions on the tape…and harm to the stock price.
At some point however the golden eggs hatch, 40 million shares under threat of significant financial loss are compelled to cover, fails to deliver must come clean, and as golden eggs are want to do they pave the way to an exchange uplist, institutional money discovers golden eggs are worthy and the float normalizes across institutional money…all of which accrues to our benefit, puts a kick back in our step, a golden smile on our face…and allows Respert to re-stock the wine cellar.
All this just requires time, patience and company execution. Engage the warp drive Cyrus as I would love to see the fractional % of the float holding this molecule back vaporized.