Bright Minds Biosciences Inc (DRUG)

[PennyPusher786]

Hit the ask, don't bid sit they're trying hard to kill the momentum

[DJS1]

Another strong day! Looking for this to go over one dollar soon

[Smilin_B]

This was extremely heavily shorted from the $3 range or so. Much easier to cover all of those shares at a substantially lower price, hence today's volume. I'm just wondering why the shares moved up from 40 cents to over 80 cents earlier in the session. One would think there might be some news pending...

[hondaboost]

Short interests decreased dramatically by -54%, they knew something and covered.

[Smilin_B]

Correct me if I'm wrong but wasn't this one of the highest short interest stocks over the past year?

[hondaboost]

Last time, it skyrocketed to $4.75. The shorts will be panicking to cover once the good news is out.

[hondaboost]

Then, Tremendous news tomorrow!

[hondaboost]

Good news tomorrow?

[Smilin_B]

Volume precedes news

I see no pump involved today anywhere

[skichic]

Tomorrow should be interesting, expect we’ll see why DRUG had this tremendous volume. As the saying goes “ volume before price”.

[Smilin_B]

This stock has immense short interest and I can see this busting through the $1 level this week easily

[skichic]

Where’s the pump? Kind of hard to pump this kind of volume.

[Money hunt]

Qbio is next dudes…

[Smilin_B]

Stock twits is on fire on it. 1 post every few seconds

[power11]

NO REASON.....SIMPLY PUMP AND DUMP OPERATION
NOTHING NEW IN PENNYLAND.

[Smilin_B]

What is the reason for today's percentage gain?

[surf1944]

https://stockcharts.com/h-sc/ui?s=drug&p=D&yr=0&mn=6&dy=0&id=p38090673899

https://www.barchart.com/stocks/quotes/drug/technical-chart?plot=CANDLE&volume=total&data=DO&density=ML&pricesOn=1&asPctChange=0&logscale=0&indicators=ACCUM;SMA(20);SMA(50);SMA(100);SMA(200);CHKMF(20)&sym=SYSX&grid=1&height=210&studyheight=100

https://www.barchart.com/stocks/quotes/drug/opinion

[Smilin_B]

February 08 2023 - 04:05PM
GlobeNewswire Inc.
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Bright Minds Biosciences Inc. (CSE:DRUG) (NASDAQ:DRUG) (“Bright Minds” or the “Company”) announces that it has received a letter (the “Deficiency Letter”) from the Nasdaq Stock Market LLC (“NASDAQ”) dated February 2, 2023, stating that following the resignation of Dr. Williamson from the Company’s board of directors and audit committee, the Company no longer complies with NASDAQ’s independent director and audit committee requirements as set forth in Listing Rule 5605.
Listing Rule 5605(b)(1) states that the Company’s board of directors must consist of a majority independent directors and Listing Rule 5605(c)(2) states that the Company’s audit committee must consist of at least three members, all of whom are independent. Following Dr. Williamson’s resignation, the Company’s board of directors consists of four directors, only two of whom are independent, and its audit committee consists of three members, only two of whom are independent.

However, in accordance with Listing Rules 5605(b)(1)(A) and 5605(c)(4), the Company has until July 10, 2023 in order to regain compliance (the “Cure Period”). The Company is currently in advanced discussions with a potential new director and anticipates regaining compliance within the Cure Period.

[Smilin_B]

Never did I think we would trade so far below $1 per share but looks like we are in a small recovery mode in the beginning of the new year here

[Smilin_B]

I certainly hope we are not going to drift back below $1 per share due to tax law selling. This company really needs to get their act together

[Smilin_B]

Up nearly 11% today but most of us here are still not at break even

[DJS1]

Agree!

$DRUG

[Smilin_B]

Nice to see some small advancement in recovery here

[Smilin_B]

The company has been so tight-lipped. At least we are trading back over $1 per share. Typically when a stock loses support at that level, it's spirals down into the 60 cent and lower area

[DJS1]

I have been adding every week. People just don’t seem to post on this forum.

[Smilin_B]

Is there any life out here on this forum? Or am I the only one holding on to this, content that we are at least holding above $1 per share

[Smilin_B]

Volume is as Dead as this stock is

[Smilin_B]

Wow I can't believe we're trading at $1.09 it's like a fucking miracle

[Smilin_B]

Wake me when we have some sustainability above $1

[DJS1]

Huge bids today. Back over $1.00

[Smilin_B]

Back under $1 we went

[Smilin_B]

What exactly is it going to take to get this stock up and over $1.50 per share?

[Smilin_B]

Let's just hope we never trade below $1 ever again

[Smilin_B]

The board at STOCK TWITS is always far more active

[DJS1]

I’m surprised at how quiet this board is. You don’t have the usual pumpers and bashers day in and day out. Fine with me. Hope this stays quiet for a little longer so I can keep adding.

DRUG

[DJS1]

All we need is for company to say anything good, and I believe we’ll be off to the races and never see this level again.

[Smilin_B]

We hit $1.18 and I was at the beach completely unaware. At least we closed over $1 per share and I hope we will never see beneath that ever again. The short interest on this name is incredibly high and it's always been perplexing to me why we are trading anywhere south of $2 per share

[DJS1]

Colorado passed using certain psychedelics, so that could have something to do with it

[Smilin_B]

Was today just short covering due to the broader indices being up over 1,000 points on the dow?

[DJS1]

Yeah, keep hoping for some kind of news.

[Smilin_B]

Everyone's licking their wounds over DRUG management doing zilch

[subslover]

I'm adding now! For the 3rd time!

[subslover]

I'm adding now! For the 3rd time!

[subslover]

I'm very happy to see this action today!

[DJS1]

Long on DRUG

My price target is $9.

Any kind of news we fly - bye shorts!!

DRUG

[DJS1]

Where is everybody? Happy I added!

DRUG

[DJS1]

Will today be the day they quit holding us down and we fly?

We shall see

DRUG

[vegasopc]

$$$DRUG$$$ LFG!!! $$$

[vegasopc]

$$$DRUG$$$ Loaded to the max on this one! $$$

[BoilerRoom]

$DRUG glad I added here going be huge run soon