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There is validity in that the large pharmaceutical industry has to much financial interest and control over the health institutions and industry. We live in a capitalistic society where big corp or money sometimes reigns over areas where they shouldn't or at least do it in a more responsible manner. But that of course is another subject.
But the fact that "alternative methods" and the alternative drug industry is also a big problem. There are many dangerous beliefs in "alternatives" that create more danger than they solve any problem. Out pops quackery and non proven methods, irresponsible and misleading products that take away from any good portion of the legal and proven beneficial pharmaceuticals, reducing overall quality of life.
The system of structure for treatments may need improvement, but they are there and the best we have and better than ignoring them. AQLV is public company, with needing "investors" to believe that their product is what they say it is and for profit. AQLV is choosing not to be listed as a non-profit organization and no matter what kind of "goody feeling" or some sort of "saving grace" attitude they or anybody else wants to portray about AQLV, it is not donations they are asking for. They are wanting one to buy their stock for purpose of profit.
AQLV is choosing to be part of the "treatment for profit" world and choosing a path that there are requirements and structure for that. They need to prove their product's viability by that structure whether or not that structure has it's faults and needing improvement.
This is exactly the type of statements that bring the lack of understanding that people have for the disease or it's treatments to forefront. The simplistic erroneous views of what HIV is, how it continues, the time it can lay dormant, exactly what is being treated, and how that treatment can be measured (to name a few), is exasperated by irresponsible promoting of improper products. Those things are part of the HIV problem.
More self educating is needed in this area. The misinformation and mistaken beliefs are a subject for awareness that many should probably do some additional research, especially if they are going to promote some AQLV treated water.
"Since those kenyans felt better after taking the AQLV treated water, and consequently stopped their costly and painful drugs against their doctors recommendations, none of them have died from it."
"I thought the OTC was a little light on wanting more transparency. At times it seemed he wanted to avoid certain aspects because of fear of losing more volume and money flowing into the OTC. I also expected him to pitch the OTCQB a little more than he did, it was merely a "suggestion" based upon numbers of participants as opposed to a standard that should be adopted overall."
A "little light" is putting it very mildly. I got the impression that in the midst of all the seriousness of other speakers, he was about ready to try to sell a car. Nothing really came up that while his "sales pitch" was exclaiming a place for reporting by companies, that by no means was it any security for any accuracy or even being very current with the information. Sure there is some time criteria before any company gets put into a lower category of the pink, but it doesn't even come close to a viable solution and a reasonable place to believe a companies listing.
There's no criteria for the company to be giving actual current information or even correct information. It basically is just a listing service for whatever the company chooses to list.
How many times one looked at BEHL's info and had it lacking of any current snapshot of the company? An easier count would be how many times it was accurate? BEHL always waited to update the share structure only about a couple of weeks before they raised it again, making it again very misleading.
Admittedly, there might be some companies that are better at giving the correct information about their company, but the fact there is really no structure to confirm that, there too many like BEHL to pick any accurate ones out. This leaves investors unable to use the very tools the otc was trying to sell.
Also as you stated the OTCQB wasn't part of inventory trying to be sold.
Maybe Gouger stiffed the IRP and neglected to pay him. LOL Maybe some the stock given for services had a six month restraint which would put it about now to try to get something for them in a illiquid stock. Never know how these slimy stock deals will work out these days, but I'm sure there were few bucks made by the BNPD promoter.
Those were the days where BNPD's "awareness program" was 90% of the topic here and the BNPD believers or followers were snookered into buying this thing with visions of ticker change and oil gushers. Neither of course would ever come true. Maybe some real "awareness" now though.
AQLV is the only one to prove themselves. They are the public company, taking public money or financing, based upon their making claims with their product. Proving themselves to the public that is questioning AQLV validity and those questions are the topic. The questioning public is not the ones who have to prove themselves.
The fact that the publics questions being answered sufficiently by AQLV with documented and recognized authority, and not by just the company merely stating "because we said so" or some type of "info commercial" tactics, are a intricate part of that validity.
It's one thing to have some fancy filtrated water to put with the rest of the competition, and state we believe ours is healthier than theirs. Then one can look at things like sales, expense and income, how well the product might sell or is selling, or how well it competes or might compete with all the other "healthy" filtered and flavored water.
Quite another thing to say that it is a treatment or "may be a key to a cure" for a serious killing disease such as HIV. Actually using it or intending to use it in that capacity shouldn't be taken lightly. That brings up a much higher level of scrutiny and a much higher level and standard of proof needed from AQLV.
Any proof needed from the questioning public is already self evident -- they are there.
I was just talking what your defining of "time" is, not strength. There has been days that haven't been "strong" but yet still part of the downtrend "time".
At this point we could have a 1-3 day "strong green" so to speak and it not change the "strength" of the overall downward trend. Making even more "time" added to this current trend.
Like I said, just curious trying to get to the definition of AQLV "fireworks" and interpretations of "trend". LOL.
How is "uptrend" being defined? 1-3 day normal otc bs or a couple of weeks like the downtrend we are in and have not at this point changed direction.
Exactly, there was no buying and no liquidity. Not a good thing. The reason the SEC is enacting new rules on the problem of transparancy about it and sends out memos to the public about the greater risks of when a sub-penny stock is not trading and hasn't any volume.
For examples;
"Another risk that pertains to microcap stocks involves the low volumes of trades."
http://www.sec.gov/investor/pubs/microcapstock.htm
And stock market in general;
www.sec.gov/rules/interp/2010/33-9144.pdf[tag]Commission Guidance on Presentation of Liquidity and Capital Resources Disclosures
in Management’s Discussion and Analysis[/tag]
All one has to do if they really don't realize the basics is to just start using some time and google and they will get a whole array of education reasonably quickly.
"Definition: Liquidity refers to how quickly and cheaply an asset can be converted into cash. Money (in the form of cash) is the most liquid asset. Assets that generally can only be sold after a long exhaustive search for a buyer are known as illiquid."
Interesting, but why all the interest in AQLV all of a sudden and after a huge bout of selling?
There is very little interest today, why there was minimal trading and nothing to answer. Why the liquidity problem was brought up.
Also it isn't determined the selling is over in the bigger picture (longer than today).
Unless the question was a personal nature, which shouldn't be an issue.
No problem, opinion still can't change the basic facts.
You need volume to get to the bottom line. Increase in pps and ability to get a better price than what you paid for and someone to sell them to. That doesn't matter what time frame, the issue still applies.
One of the biggest problems the "half full or half empty" version is that it falls into the "getting a half a loaf" theory as the company may fail to enlist the liquidity needed for the long or short term profitable trade.
Bankruptcies are chalked full of "half full, half empty" versions of theory. They simply did not get enough or the glass was just half full and not enough to sustain their existence or create any good investment vehicle.
No buyers is a bigger negative. The issue is really liquidity. Not so good here. Again it is a public company, it gets finance from the public (the open market). If AQLV has no market, it will only create financing harder to get and to accept a lower price and needing more shares sold for the amount of finance that is being requested. That becomes a greater risk for a "death spiral".
Any concern for reporting inappropriate, unauthorized, and unapproved company actions fall upon the public as a whole. Whether anyone feels if any certain person of the public has done any "reporting" or not, they have every opportunity to search out and report for themselves. One can easily Google or even look in their local phonebook to get started. For the most part, all proper authorities are publicly listed. The more involved in reporting any serious issues that AQLV has put themselves in, the better.
Browbeating one particular person that questions a public company such as AQLV with valid scrutiny will not be the path that’s needed and required when investing or trading AQLV. It can easily be accepted that there is not just one person scrutinizing or reporting, guaranteed. Nor will going after any one public (person) be the path for concern of the very serious nature of HIV.
AQLV is the public company and they are the ones who are asking for money from the public and publicly making claims. It is up to the public to scrutinize and up to the company to validate. In other words it is up to AQLV to prove, not any public to disprove. The public has a responsibility to question and to apply intelligent thought and common sense, along with reporting and finding the authorities to do so. Not go after anyone who chooses to apply those responsibilities.
Any concern should actually be for the company, because they are treading in an arena that may be detrimental to the company’s well being and unless they adhere to proper, legal, moral, authorized, and approved protocols, AQLV will find themselves in a hornets’ nest that isn't even posting on some board.
Sounds like more awareness and educating is needed. Here's a good start. A lot of direct issues relating to a stock such as AQLV including comments on the fraud and problems arising from the sale of the "next new thing" for treatment of diseases.
http://www.sec.gov/news/otherwebcasts/2011/microcaproundtable101711.shtml
http://www.sec.gov/news/otherwebcasts/2011/microcaproundtable101711_low.shtml
Also here is the home page link for contact information, etc.
http://www.pharmacyboardkenya.org/
Criteria for clinical trials in Kenya
http://www.pharmacyboardkenya.org/assets/files/Clinical_Trial_Guidelines04_03_2011.pdf
AQLV should have no problems involving themselves with these people if in fact what they are trying to impress upon the public is valid. In fact, communication might be encouraged by anyone with this group about AQLV, the company and/or it's product or just means to research the subject matter. At any rate, the web site is quite informative and worth a look around.
http://www.iavi.org/working-with-communities/country-programs/Pages/kenya.aspx
Interesting to see a little AQLV buying from this thread...ya just never know...
It was more interesting that in FACT the majority of the trades Fri by a landslide, was selling at the bid and breaking the lower current 3+ month trading range (and support), and a couple of 100th of a penny off of making a new 52 week low. Not a good sign. The trading had a heck of time just being manipulated up for EOD. Generally though the trading was going for much lower pps.
Of course it all depends on what or how one is trading it. Whether it is day trading, two days, two weeks, etc on generally low volume and low money.
Right now a whole lot of MA's and MA cross overs aren't looking to hot (which would include the divergences and convergences). The candles are using the bottom of the expanding Bollinger bands as a slide. The RSI or its Fisher Transform could get even lower and use ones trading bum as a slide also and then hand it back all messed up. That's just to start and we haven’t even gotten into the question of what this company is or it's questionable activities.
Sure at any point there may be a pause and like I said depends on what one might be looking for in time spans and percentage profits and what losses one is willing to risk before pulling the plug. There might be some minimal few tick green days and I’m sure if it doesn’t happen, the “short” and “manipulation” bs will be the excuse, and if there is even minimal green at some EOD that a multitude of exclamations will be plentiful.
But the odds of getting even close to point where you were expressing on the 27th of Sept, the day before the downtrend and needing about 300% gain for the ones who believed in your interpretations of the “chart is a thing of beauty” and “Nice healthy pull back...back to neutral between overbought and oversold...healthy action...” and the pps “with much more to go”, are pretty bad.
My point is that caution is advised for looking for a general overall turn and for any decent AQLV trader or investor, take profits when one can and don’t give them to some AQLV promotional circus. With news, there will be AQLV selling at the same time trying to promote buying.
Also there is a pretty good force or downward pressure as many who have tried to catch the falling knife in the last couple of weeks can attests to. Hoping or just stating a “bottom” is not determination of any actual bottom or even another ledge before the next drop off.
Thats not a very good looking chart. Simply posting a chart and wishing or stating "fireworks" doesn't make the interpretation true. This current downtrend hasn't turned yet and shows many signs of going lower. That chart shows extreme risk that one may catch buying too high of price and very limiting profits if at all. A more sensible approach would be to wait for better technicals. Thats if one wants to choose this stock out of thousands to support with trading.
Of course, the old "naked short" and "short squeeze" bs. Fodder and entertainment only, just like the daily "short" numbers. Completely worthless and only for ones who don't understand the meaning of them. You bet, there is just oodles of shorting for the cost of $2.50 a share at risk for a .00x stock like AQLV. Ri..ght.
If I had dime for every time a sub-penny stock like AQLV was stated to "breakout" or "at the bottom of the trading range and explosion was in the works" and then continued to go even lower breaking the "bottom of trading range" and making new 52 week lows, I would be richer than Gates.
How does this have anything to do with AQLV?
Again, let me direct your attention to what AQLV is implicating and trying to direct peoples attention to. They are at the very least focusing on a cure by saying they possibly hold a key to the cure and they misinform by stating "success" in treatment. By what standards?
The time is not after AQLV is allowed to perpetrate any scam but the seriousness of the issue requires "this" to have everything to do with it.
AQLV never said they cure anything.
They nay have a treatment for but this is not a cure.
A cure dies not exist, yet.
A more actual statement is that in fact they said they "may" have a cure and that they already have a treatment.
Of course it is a complete psychological play of words and is directed at implying certain things without actually saying them. These sorts of statements are very common to quackery and scams. Implications that are by human nature many times taken as “fact” and/or “belief”, but are in no such way fact at all. Other than the fact that the company is using such tactics and raising yet another red flag and more cause for extreme scrutiny.
Quote:
--------------------------------------------------------------------------------
Craig Hoffman - 18 Sep 2011 - Public
Boosting body’s immune response may hold key to HIV cure
AquaLiv’s BioT™ has successfully treated several cases of HIV/AIDS and other virus related illnesses.
--------------------------------------------------------------------------------
In reality “success” has not been proven by any regulated, accepted, and legal authorities and scientific community. And to say they “may hold a key to HIV cure” is like saying I may hold the key to life in another solar system. I guess there is a very astronomical odds that I “may”, and even able to attach some sort of quantum physics or other scientific data to it, but I sure would not expect anyone to buy stock in the idea.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68037899
If AQLV can't stand up to the scrutiny, then they should stop all irresponsible behavior.
AQLV never said they cure anything.
They nay have a treatment for but this is not a cure.
A cure dies not exist, yet.
A more actual statement is that in fact they said they "may" have a cure and that they already have a treatment.
Of course it is a complete psychological play of words and is directed at implying certain things without actually saying them. These sorts of statements are very common to quackery and scams. Implications that are by human nature many times taken as “fact” and/or “belief”, but are in no such way fact at all. Other than the fact that the company is using such tactics and raising yet another red flag and more cause for extreme scrutiny.
Craig Hoffman - 18 Sep 2011 - Public
Boosting body’s immune response may hold key to HIV cure
AquaLiv’s BioT™ has successfully treated several cases of HIV/AIDS and other virus related illnesses.
Unproven cures and treatments have been around since the virus became a public issue. In fact, many unproven treatments are still around including other magical water elixirs. In fact it is a gigantic problem the amount of industry that is promoting invalid treatments of disease and viruses. To say that just because some quackery is not shut down makes it valid, is quite the error of judgment. Many irresponsible and worthless treatments go on for a very long time or never get "shut down".
A better philosophical approach would be what sources are supporting it and giving it detail and validation. A better direction would be to look to other confirmation sources.
Do some research
Any important medical breakthrough will be reported in peer-reviewed journals such as Nature, Science or The Lancet. The mainstream media will pick up the story and leading experts will express their opinions. Simply typing the name of a supposed HIV cure into an Internet search engine and reading some of the resulting web pages will quickly establish whether it has widespread support. It is also worth searching an online medical database such as PubMed for scientific studies and reviews.
Consult an expert
Always talk to a doctor or other health professional before trying any medical treatment. If you need more information or a second opinion, try contacting a reputable health organization or telephone helpline. Several American states have AIDS Fraud Task Forces dedicated to combating quackery, and local Food and Drug Administration offices can provide details of any action taken against a product or its manufacturer. Similar agencies operate in most other parts of the world.
- AQLV Share price is at the low end of the trading range
May easily not be the low of any trading range, in fact it is breaking supports and showing signs of making new 52 week lows and going to a lower trading range. And again, as it's done so many times in the past, making types of positive interpretations factually incorrect.
-There are a lot of 'built-in' buyers
The amount of “built in” buyers has dramatically diminished for the whole otc market, which would include AQLV. Money flow is consistently diminishing for all the otc market and caution and restraint is on the increase. This will and is directly affecting any "built-in" or even new buyers to create only a "few" instead of "a lot".
http://otcbb.com/dynamic/tradingdata/monthly/generalstatistics.htm
http://otcbb.com/dynamic/tradingdata/monthly/IssuePricingTrends.htm
http://otcbb.com/dynamic/marketstats.htm
- Interesting news about magic water could be reported at any time
There is considerable questions and lack of believability to the company’s claims (as well there should be). In fact that if there was any credibility to these claims of “magic water”, the whole scientific world community would be at attention and one could get a myriad of sources from majority of substantiated legal authority of the HIV subject confirming any “magic”.
Instead there is limited at best any legal and/or accepted authorities and “confirming” only consists of info commercials from the company and following of circus acts. The fact that even the words “magic water” are being presented are creating one big red flag and indications of just as old of description; “snake oil”.
Instead of responding to valid scrutinizing of unauthorized and unapproved clinical studies by verifiable data and substantiated proof, the company enlists thug and criminal type tactics. Let’s just start stacking those red flags up, shall we.
“Interesting news” from companies making unsubstantiated claims is more and more just discarded as fluff making little or no impact of the general trend or just sold into as a little hype temporarily raising the pps, but not to any expected percentages that retail are expecting involving just more losers than winners.
- It would seem that share price is much more likely to go up than down in the near term
Again, there are just too many indicators that are portraying a different interpretation and overall sentiment (the driving force) will not be positive enough to overcome the selling by the promoters. When any raise in pps or end to the current downward trend, “likelihood” will be that it won’t come anything near the hundreds of percent to even get to the time recently when you posted the interpretation that the pps had “room to grow”. Many chart technical’s are indicating that the current downward trend has “room to go" even farther.
5 tick candles
This is just getting plain silly. Four whole trades for the big interest here in Gouger's bs.
Last "green" trade was only about $30 bucks worth. About the same as the opening trade of about $30
Majority of trades, such as they were sold at the bid at .0041 & .005 (considerably lower and the bulk of all traded shares). I question any usage of exclamation marks other than what a POS this has become.
As far as "shorts" go, it's in the dead of winter. Don't believe any issues there.
But, we do have some indicators that it's possible that the trend is changing and a overall turn is in the works. Not a bad thing if SNGX could hold in the low 5's instead of the low 4's next week. A little trading, but volume needs to be there for any more than just a little here or there.
Still looking for my crystal ball though.
That chart looks like a train wreck where the cars are still being derailed. Caution is advised trying to catch one of the cars while it's flipping of the track. Interpreting that chart may require further analysis.
Case in point, you noted on Sept 27th when the pps was about 300% higher;
"Nice healthy pull back...back to neutral between overbought and oversold...healthy action...
Won't even consider selling till we see over 10M in volume on the day...(well..actually that's a bit of a stretch...have considered selling some twice on the way here...fortunately my rational mind overrode my emotions...and glad it worked out that way...price is much higher now, with much more to go...lol) "
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=67458258
Looking back, some deeper analyzing of the chart would have brought forth that indeed it was time to sell. That time was the start of a deep decline to now about only 1/3 of value and definitely no "healthy action".
In fact, some would analyze your posted chart as there is further decline of pps in the future or at least very little bounce as this thing forms a lower base before even yet another possible decline. Any "explosion" is of course shown to be quite negative and quite possible there is more destruction to the pps in the works and any "turning up" will be of little substance overall.
Also volume is going to be hard pressed to 10M one is looking for. At least without the risk until the pps is so low the the dollar volume will still be quite lacking.
Chart looks like its ready to turn back up...this is gonna be an explosive ride...!
Well this is interesting. Can we hold a higher base or just another little spike?
Cut out the middle man, what a concept. LOL
What? There is no room for "facts" in fantasy land. Fantasy land is where there is nothing but shorts manipulating the stock and piles of gold to just scoop up. Of course, why anyone would want to invest or buy a stock that is just under the super natural power of the "evil shorts" that seen to never end day after day is beyond me. That in itself is a bad bet, but we are talking CRWV fantasy land. I guess it has to be chalked up to the imaginary "short covering" that never happens but is always in the minds of the population of CRWV fantasy land.
The fantasy land that a public "company" who wants buyers of their stock and to be given money on wild unverifiable claims without any verifiable documentation or even a "full time geologist" visiting the property to pick up all the gold just laying around. In CRWV fantasy land, a company only needs a month of phony fantasy PR's that happen on the average one every other day along with all the paid promotional material going to ZERO PR's the following 30+ days. A public company who only needs ones who concern themselves with actual facts to prove that they are a scam, not anyone who might take a look at the dumping of shares and a pps that goes from .13 to a penny in only a few weeks (just supposed to blame it on the fantasy shorts).
Companies in fantasy land don't need to prove what they are selling to take and ask for more money, so there. In fantasy land, a CRWV investor or trader only needs to have fantasy beliefs in CRWV and the willingness to lose everything in ones pockets. Sure don't really NEED any shares to short, only a fantasy.
And that doesn't change the fact there is zero shorts here and negligible shares available to short CRWV in the first place.
Once there was a law that horse stealing was a hanging offense right along with murder. Heck, one could shoot a horse thief right on the spot. The horse was the backbone and infrastructure of the times and without it there was no economy, no way of life and getting around in that society. Living was so dependent upon the horse.
Now we have the financial structure (peoples financial well being) that is not so far unlike the horse. Our whole lives are so entwined and dependent upon it. Without it, poverty, despair, and no way to get around in today's society. Destruction or robbing it from people, destroying lives, should be a very serious offense compared to murder and no room for "hand slapping". If it was, there would be a loss less "horse thieves".
"The sentence that the government seeks would create such disparity," Mr. Lynam said. "There's no precedent for it."
Some more time for a lot of others is probably what is needed instead of all the hand slapping.
-------------------------------------
Galleon manager Rajaratnam sentenced
By Aaron Smith and Hussein Saddique @CNNMoney October 13, 2011: 12:04 PM ET
NEW YORK (CNNMoney) -- Raj Rajaratnam, former manager of the defunct hedge fund Galleon Group, was sentenced on Thursday to 11 years in federal prison and fined $10 million for insider trading.
Rajaratnam was found guilty on May 11 of all 14 counts of conspiracy and fraud, after netting $64 million on a long-running insider trading scam. He was sentenced at federal district court in Manhattan.
Galleon founder Raj Rajaratnam, shown hear on the day of his May 11 conviction for insider trading, was sentenced to 11 years on Thursday
Rajaratnam will have to surrender to authorities on Nov. 28 to begin serving his sentence. In addition to his $10 million fine, he will have to hand over $53 million as forfeited assets and pay a $1,400 court assessment fee.
The Sri Lankan-born billionaire's sentence actually fell short of the maximum -- 235 to 293 months -- requested by prosecutors.
Rajaratnam's defense lawyer bashed the sentence as overly lengthy and "greater than for murder." He said that, unlike Ponzi schemer Bernard Madoff, Rajaratnam didn't victimize anyone and that the ill-gotten gains went to Galleon, not to him personally.
The prosecutor argued that Rajaratnam's actions did indeed hurt people, because insider trading saps confidence in the financial markets, undermining the economy.
Rajaratnam managed $7 billion at Galleon before the hedge fund shut down following his indictment in 2009.
The white-collar convict's case featured recordings of phone conversations in which Rajaratnam and his sources blatantly discussed ways to profit from non-public information.
8 dumb insider trading schemes
In June, a federal jury convicted three others in the insider trading case that centered on Galleon, including former trader Zvi Goffer and co-defendants Emanuel Goffer and Michael Kimelman.
It has not been decided where Rajaratnam will serve his time. The federal Bureau of Prisons, not the judge, picks the prison after sentencing.
Rajaratnam was sentenced in the same court where Ponzi mastermind Madoff pleaded guilty to 11 counts and received a 150-year sentence. He is currently incarcerated at Federal Correctional Complex Butner in North Carolina. His release date is Nov. 14, 2139.
First Published: October 13, 2011: 11:35 AM ET
http://money.cnn.com/2011/10/13/news/companies/insider_trading_raj_rajaratnam/
Huge "speculation" is that this is just going down. The FACT that this now is just labeled a Pump & Dump and as all pumps that have been dumped, they end up in the gutter sooner or later. So any "huge potential" is the "potential" that it will end up in the trips.
Statistically that is the game and the only thing left now is the "hopes and dreams" and "beliefs" in the past phony PR's and OLD pumps after the main dump and just hoping or believing that CRWV will be the .1 percent that doesn't just take their holdings down close to zero. This thing desperately needs new money that has long gone to other pumps and isn't wasting their time in a old pump and dump such as CRWV.
I don't know his ex to even know about her being nice or not, but I do know that if one is a crook, steals constantly from others, and goes around just wasting other people money on wine, women, and song, abuse the family, and all the other criminal (moral or legal) behavior that DF was doing, they pretty much cause and deserve any negative consequences.
Something Pawson better think about.
Hard to tell exactly how many day shorts were on the pps drop with OrBec taken out of the equation and probably there is always a select few who know before the most of us. I still believe though that the vast majority was just the market disappointment and it took the phase 3 out that many people were in it for. The bid floor just caved from the pressure and many investors are just gone or like you stated, watching and waiting for some more "beef".
I'm not sure if there would be any particular one catalyst to make the pps support a lot higher, but a little higher wouldn't hurt. I believe they should come out with some confirmation of their current and any future funding securing some market sentiment, more on what they will be working on, and that they have realized what mistakes were made. What if anything salvageable out of those mistakes, their ability to adapt to the situation, and still be able to move forward.
The market is pretty fickle, and patience within that market is hard to come by, and there is always that risk of people moving on with their money to different things (even if that's loosing it to some P&D). That won't be a good thing for the pps, so SNGX better stay on top of that issue, and continue any transparency hopefully to their progress. Along with doing it in a timely manner.
If SNGX can do that, there will probably be some more buying, definitely more holding, and a higher base formed. If not, we'll bounce around at these levels for awhile or even a more negative situation can arise.
Actually it does mean something, but we'll get into a discussion that is not really stock specific but overall factors of short interest. Why I said people just need to do their own DD on what those daily numbers actually represent and what is missing. I was attempting to stay with the issue of the daily short numbers of SNGX. We are really talking about two different aspects here. I'm not saying "shorting" doesn't happen, it does, but to any amount that would have anything to do with manipulation by MM's or anyone else is non existent here. The bi-monthly is about the only thing one has to get any "snapshot".
But one can't get any reasonable "snapshot" from the daily due to that many of the numbers are just the first leg of the trade. There is always daily traders, but even then in a stock such as SNGX, it's a little rough playing the short game with it during the day. One still needs to find the shares to short (not always available if at all and definitely not with just every broker), have to have the regulation margin account, pay more fees, etc, and support $2.50 a share on a nickel stock with high risk vs rewards factor. Just turns into a fools game.
There is nothing here with SNGX that is going to support any high enough volume during the day to enlist the idea that it will plunge in pps enough to make any reward worth holding up the kind of funds to do it, during the day or not. Why shorting is pretty minimal with any penny stock under a $1 or without at least with some sort "death spiral" or "toxic" Convertibles attached to it which SNGX doesn't seem to have that I can see.
SNGX is less than a nickel, one can go play some options and would have a lot less hassle and more profit, with less risk and less money on the line or just play it long. Just too many other avenues to put smart money on than shorting SNGX on a little bit of volume and low key news during the day.
I don't think we're very far apart on our schools of thought, I was basically trying to put attention to the fact that ascertaining "shorts" from the daily list are just pure garbage and directing to the bi-monthly because that's all that's really available to get a "snapshot" of anything about "short interest". Hopefully in our age of technical advancements that information can become more clear and more often than twice a month. But still have to deal with the DTC, NSCC, T+3 days, and the enormous amount of trades going through every day, so how they are going to improve on those issues is going to be interesting.
But still, shorts are not any issue with SNGX and to try to make some issue out of the daily numbers is just folly. Risk with this stock is attached to the market sentiment and whether or not it will be perceived positive or negative to the business of the company. Just like any stock, specifically a penny stock, there is risk. Not too much if any at all of smart money will be shorting it though, just not worth the time or money.
Daily short numbers are worthless except for fodder and entertainment purposes. One needs to go to the bi-monthly numbers.
Simplistic, but states it about the best. There was no issue on "shorts" for the problem in the pps by brokers or retail. The short interest for the last period reported was only about 1/2 percent including the 15th of Sept. Not anything there to talk about and a non issue. I wouldn't expect it to vary much for the next period either.
For a big part, many are in these type of stocks for the Phase 3 trials. When the OrBeck failed and SNGX study was stopped by the company, that created those bids to be dropped due to now the interest vanished in wanting to buy or wanting to hold. Pretty simple, way more wanted out than anyone wanting in at those high prices. It just the way it goes.
With such a drop in pps, many were looking for a technical bounce that just didn't really materialize other than a few trading humps. It may very well be that in a larger picture, the pps has generally bottomed and now the company sort of has to pick themselves up and continue on, creating some increase in the pps. I would only expect SNGX to get up into the high single digits in the next couple of months and just don't see much at this point that they have to do more than that in the recent otc markets. Given there can always be spikes here and there.
Double from here is good, this isn't some stock where the IRPs and all there "little me's" are plastering one line circus posts 100 times over and over. Hopefully there can be some steady upward trend and support from here, with a few small trading opportunities here and there as the company gets re-established and moves forward with the resources they have.
Today's PR was a little lacking IMO even though it was good for some support of the company. Not a bad one, but just some information purpose that yes, they are moving on with what they have, bringing in some new people, and really haven't got the future focus totally organized yet, but they are working on it. I believe they felt that something should come out being a few weeks of the Orbeck being kicked to the curb.
I would like to see more about that "future focus" being established, along with any future financial status such as any funding, cash, etc. Along with seeing at some point the data analyzed from the stopped OrBeck program and reasons why it ended up in the ditch.
Still feel it's a good possibility that around here is the bottom for the company and medium to long term the pps has room to increase considerably percentage wise as long as positive reinforcement is in the cards.