Biostar Pharmaceuticals, Inc. (BSPM)

[finesand]

Consolidation, Low Volume Slide -> Rise

Similar to BPMX's stock move .. btw, which hit the 25c Warrant partnership ceiling this AH w/ a new patent issued.

Note that company expects the selling platform to be ready end of March and officially being introduced in 2Q18, therefor production should be ready by then the latest. What else could they sell otherwise? Production planning results with guidance is also expected to be PR'ed.

01 summarized BSPM gameplan of last events

GMP PR was on 2/3 and stock rose before that starting 1/25.
Since reason was unclear they shorted it down until said 1/24 $3.36.
1/24 $2.16 -> $5.88 -> $3.38 -> $4.60 -> $3.36 on 1/24.

On 1/25 the GMP PR and they got surprised back up to $5 2/12
and since 2/15 Spring Festival down to $3.38 (fibo line as well).

The last pullback was almost one week and REGSHO triggered on 2/22
indicates shorts have not been returned for more than 5 days!
Naked shorts.

Now we have to see how long it takes for them to cover all
while going sideways dipping - or whether they have already covered on the way down.
They surely need to complete this before PR in March about progress, so the heat is on.

Also company is now in complete turnaround having the GMP certificate
projecting revenue going back from $2M to over $50M like in 2014 maybe.
Even if this won't be reached over night, $8/sh is just $2.66M revenue @ P/S 3
and $4.60 was the floor until 11/23, officially PR'ing losing the GMP license in 3Q15.
In 2013 stock also bottomed around $4.60 for two month, but since 200dma was $6 - $12.

Increased SI 2/15 from 0.0912M 4.2% -> 0.2161M 9.96% of 2.1689M float, this supports above short development.
Since they are on REGSHO a bit sad that the buying storm hasn't been set in yet,
but having March starting this Thursday it will come.
Most returned from Spring Festival this week in China anyways.