JD_Bozeman - I can't reply directly to your post, so I will here. There are still Money Managers like Ayer capital with 1.1M shares of BLRX. Plus, e secondary they just did was consumed almost entirely by institutional investors.
You are correct though, the institutional ownership is low, probably under 10%. Now we know why.
Institutional investors? what % of this tiny float, for this tiny biotech, do you think they comprise? I believe it may finish capitulating tomorrow or Friday, but long, retail investers that believe in the company will look forward and average down...JMO