The other reason for selling is that there area lot of margined players above $3 and they are forced to sell. Remember for a long time the volume on this stock has been under 150,000 shares a day.
Well, until we know EXACTLY the true survival rate is in MAYBE 2015, this stock is going nowhere. They have NO REVENUES and their cash will run out around 2nd quarter of 2016. The stock valuation is already $80 million with no product. Their market niche, should it work, is not very large or hugely profitable. Maybe if you get it out the door and it works and obtains FDA approval, you are only talking like $35-45 million in revenues.
If he will not post tomorrow,the stock will go up. Watch.
Because no on wants it and it is going a lot lower. No news and it will keep falling. I think people will stop selling at $3
They deserve their country to collapse.
Right, a schmuck company that doesn't even have an investor relation you can speak to and they send you to the CFO that doesn't answer his phone and says the phone line is full.
I beg of you not to post as you are a horrible jinx and make the stock fall. Every time. You bragged you bought at $3 and it immediately taned 3 trading days ago.
Why do you think there is so much selling with pumping news? Are the day traders getting wise and suspect something? I can't believe all the buyers over $3 won't buy this now.