Sonnet BioTherapeutics Inc (SONN)

[Monksdream]

SONN new 52 week low

[valleybenedetto]

If they would stop shitting on shareholders, cut costs and actually get something accomplished that would be a start.

[Monksdream]

If the stock continues to make new lows on its way to a delisting to Cromwell Coulson’s stock market or a dissolution I will continue to record it

[valleybenedetto]

You worry about you ok?

[Monksdream]

You aren’t getting any money back
Time to move on

[valleybenedetto]

Not an Urban Myth ..I've already checked. They have current D and O insurance.

[Monksdream]

Oh goddamn tell me another urban myth

[valleybenedetto]

They have D and O insurance. That's where you collect from. That's directors and officers insurance if you didn't know

[Monksdream]

You wouldn’t get anything from a class action lawsuit
Anyone connected to professional asset management abandoned this company long ago

[valleybenedetto]

CEO is awful. Nothing but offerings and RS. No meaningful news in months. Class action suit might be in order here.

[Monksdream]

SONN new 52 week low

[Golden Cross]

Might be a short play here now

[Golden Cross]

Very true.....

[antman]

...During his testimony, Elon Musk called short selling “a means for, in my opinion, bad people on Wall Street to steal money from small investors.”

[tw0122]

Biotech CEOs are mostly Wall Street whores they get compensated to short there own companies as it’s much more lucrative. They take on that toxic financing do reverse splits as part of their regular routine. Take MULN CEO for example he has no scruples or morals nor does he hide his screwing over shareholders.
As far as trading you play the post reverse splits at the right time with the low float and that is where the loot is made.
Wall Street casino.

[valleybenedetto]

CEO is an incompetent whore. Stock ran to 1.20 . Instead of letting it sit for 10 days and regain compliance he jammed an offering down and screwed everyone.

[antman]

I guess the shorts just crush all these companies and force them to do rollbacks

[Golden Cross]

Don't see the vote not passing now

[Golden Cross]

Nothing has gone right since the offering.. Time for a turnaround here... loading up

[Golden Cross]

Yep

[govprs]

Did you see the letter to shareholders?

[Golden Cross]

needs something here

[TimeFades]

See if she can start a new uptrend

[tw0122]

Nice to see the new Fibonacci targets going the other way now

[Golden Cross]

$SONN Sonnet BioTherapeutics Provides Fiscal Year 2023 Third Quarter Business and Earnings Update
https://www.accesswire.com/773690/Sonnet-BioTherapeutics-Provides-Fiscal-Year-2023-Third-Quarter-Business-and-Earnings-Update

[limer814]

$SONN Whoever John Markey is ,he knows something we don't. Another 13g filed this am . He is up to 4.1m shares now..I'm still holding pic.twitter.com/AW4hN0Secj

— Keith Rah (@keith_rah) August 7, 2023

[starkd748]

Around .27 gap fill....Glad I read charts prs and filings about share purchases don't mean squat

[surf1944]

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

https://www.barchart.com/stocks/quotes/sonn/technical-chart?plot=CANDLE&volume=total&data=DO&density=M&pricesOn=1&asPctChange=0&logscale=1&indicators=BBANDS(20,2);SMA(13);PTP(50);ADX(14);SMA(50);SMACD(12,26,9);RSI(14,100);ACCUM;STOSL(14,3)&sym=CNNA&grid=1&height=500&studyheight=100

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

[Golden Cross]

Sonnet BioTherapeutics to Present at the 2023 BTIG Virtual Biotechnology Conference
https://www.accesswire.com/771212/Sonnet-BioTherapeutics-to-Present-at-the-2023-BTIG-Virtual-Biotechnology-Conference

[Golden Cross]

That didn't look good

[starkd748]

This thing collapsed under the head n shoulders pattern....See if 30s hold

[kindo]

I think we are due for some news!

[antman]

Well we are rising again today so maybe it was getting the offering done that kicked things down somewhat

[limer814]

That was the closing of the offering. See OTC markets if you want to read it

[crazy horse 0]

No idea

Why is this dropping again?

[govprs]

Anyone know what this is?

Form D - Notice of Exempt Offering of Securities

[crazy horse 0]

Agree with you

Well we don't really know what's going on behind the scenes and whatever it is i'm sure it takes a little time for the different phases of testing.
The main reason i'm here is the fact that insiders are buying so they see something positive.
Maybe the 800,000 shares was someone who figures we are in a downtrend at the moment and they will buy back if it hits .20's again?

[kindo]

Well we don't really know what's going on behind the scenes and whatever it is i'm sure it takes a little time for the different phases of testing.
The main reason i'm here is the fact that insiders are buying so they see something positive.
Maybe the 800,000 shares was someone who figures we are in a downtrend at the moment and they will buy back if it hits .20's again?

[antman]

800k shares were sold in a half hour period today which knocked it down

[kindo]

No news and probably impatient traders.

[antman]

Why is this dropping again?

[crazy horse 0]

No Idea

You think they will keep doing offerings every time markey gets above 10 percent?

[Rstrummin]

You think they will keep doing offerings every time markey gets above 10 percent?

[crazy horse 0]

You know a Buyout could be forced here with the Markey 11 percent shares owned

[kindo]

I agree!
I’ve been adding more shares each week!

[Golden Cross]

heck yeah

[limer814]

I would say. Anyone putting $1.5m in a ticker is a bullish sign to me

[Golden Cross]

Great sign

[limer814]

Another 13G filed. 400k more shares purchased..$SONN

[starkd748]

Yup I didn't read any filings and 44s are here