With low float- the shorts and MM's can crush it like a bug
Why I no longer believe in the markets, AT ALL. Computerized flash trading, naked shorting, dark pools, death spiral financing designed to wipe out common share holders while making hedge funds rich, etc. You can no longer buy a company based on their product or prospects, hold it- and expect it to be fairly valued- the market is 100% manipulated. Essentially the biggest, RIGGED casino on planet earth. I'm holding this one- if they generate ANY Euro sales and get even basic cash flow- it's worth 5 times this market cap or will get bought out. But, in the mean time the ride will be rocky and criminally manipulated. I don't have level II on this AM, don't even need to look- someone is sitting on the ask flashing large sell orders I'm sure, just crushing the price for their own gain.
I wholly concur! This is a travesty! The stock's negative price reaction, predicated on the very positive news, is counterintuitive and defies any logic founded on solid financial principles other than overt market manipulation.