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It's hard to say. There is not a lot of volume, due to a very small public float, and long-term investors who continue to hold on to their shares.
The stock has been drifting lower for quite awhile (4 months) and has already taken out a few support levels, along the way.
We think that the support level between $1.55 and $1.87 is critical, and will hold, but we also see the possibility of a capitulation sell-off at some point, which could penetrate the lower level of that range.
In order to get that kind of a sell-off, it would have to occur with very heavy volume, and where people, basically, throw the towel in and just want to get out at any price.
If the broad market cracks, and margin calls create forced selling, in other securities, it could happen. GLUC shares currently must be fully-paid, meaning that they are not marginable, and would serve as a ready source of funds for those who have over-leveraged themselves, and must meet margin calls.
We can, and have, made a case for that happening:
https://altitradepartners.blogspot.com/2021/04/has-euphoria-finally-reached_18.html
We would be buyers near the $1.75 to $2.00 level if we get there. At a price near $1.00 to $1.25 we would be loading the boat.
The fundamentals continue to remain strong, despite the technical weakness.
We can always tell who is a long-term investor, and who is a short-term trader by the frequency of their posts and what they are focused on.
Some add value, while others do not.
More buyers than sellers.
<<"I would really like to hear the answer to the question that I have asked over and over. WHAT DROVE THE PRICE UP IN DECEMBER 3000 percent.">>
So, you expect this stock to lose 95% of its value in the next 15 trading days?
ROTFLMAO
Crypto is NOT an investment. It’s a speculative bubble based on nothing but momentum.
We wish you the best, but be very careful because when this craziness ends it will leave a wake of losses that will dwarf all the other historical speculative bubbles combined.
So none of this progress can be attributed to the rise in the stock price?
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https://finance.yahoo.com/news/cvs-health-corp-distribute-diabetic-093000691.html
https://finance.yahoo.com/news/amazon-sales-increase-1048-glucodown-093500369.html
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https://finance.yahoo.com/news/glucose-health-inc-reports-unprecedented-093000821.html
https://finance.yahoo.com/news/glucodown-expanding-2000-walmart-pharmacies-113100410.html
We could go on, but you get the picture. On second thought, perhaps you don't.
That is an utterly ridiculous statement.
That fact that you base it on a couple of days of trading activity makes it even more ridiculous.
You need to learn how to separate the activity taking place in the stock price from the activity and fundamental progress taking place at the company.
Until you can do that, it is unlikely that you will ever be a successful micro-cap investor
.
As excited as we are about the prospects for CRXM, we would caution investors not to get too far ahead of themselves.
There is still a lot of work that needs to take place before this company is out of the woods, and we can sound the "all clear".
Yes, they are making progress, albeit slowly.
Getting FDA approval is still a long road from here.
Let's try to keep things in perspective.
https://seekingalpha.com/instablog/22758161-altitrade-partners/5571234-potential-billion-dollar-heart-drug-catapult-shares-of-gene-biotherapeutics-much-higher
Corn-based ethanol producers will continue to see their margins compress, due to rising corn prices, thereby opening the door for cellulosic ethanol to quickly gain market share.
ALLM is well-positioned to benefit from this shift away from corn, and towards lignocellulosic feedstocks. It's a perfect example of "being in the right place at the right time".
https://www.marketwatch.com/press-release/lignocellulosic-feedstock-based-biofuel-market-to-grow-with-a-robust-cagr-during-2021-2029-growing-adoption-of-bioethanol-as-a-transport-fuel-to-drive-the-market-growth-2021-04-22?tesla=y
No one is telling you what you can and cannot do. We merely suggested that you may want to consider selling your shares, since you seem so unhappy and don't appear to have much confidence in ALLM management.
You've made your point multiple times on this thread, so we question why you feel the need to "beat a dead horse"?
Your statement of "I guarantee I talk to all parties" makes us question why you continue to berate management if you truly have engaged with those in the know?
If you had, you'd have a better understanding what is involved with moving this forward, and, therefore would not be so inclined to be as critical as you are.
With regards to your question of "how much stock did you guys sell at a dollar?" The answer is none, zero, zilch, nada.
It sure sounds to us like you wish you had.
If you really have no confidence in ALLM management, the best thing for you to do is get out of your position and find something else to invest your money in.
Your constant groussing is accomplishing absolutely nothing. What is needed here is resolve, patience and commitment.
https://seekingalpha.com/instablog/22758161-altitrade-partners/5581322-are-times-test-micro-cap-investors-resolve-patience-and-commitment
"Just remember, without discipline, a clear strategy, and a concise plan, the speculator will fall into all the emotional pitfalls of the market - jump from one stock to another, hold a losing position too long, and cut out of a winner too soon, for no reason other than fear of losing profit. Greed, Fear, Impatience, Ignorance, and Hope will all fight for mental dominance over the speculator. Then, after a few failures and catastrophes the speculator may become demoralised, depressed, despondent, and abandon the market and the chance to make a fortune from what the market has to offer." ~ Jesse Lauriston Livermore
Sentiment doesn't change day-to-day or week-to-week, but your emotions sure do.
Up , down, positive one minute, negative the next.
What kind of meds are you on to control your bi-polar disorder?
You might want to consult with your doctor, because they are not working.
Your incessant need to post the same thing over and over is getting old.
Everyone knows that the Super 10-K filing is critical. There is no need to constantly raise the issue ad nauseum.
So Daniel was good at show and tell. Big deal !!!
We would much rather have preferred Daniel growing the value of the company, instead of racking up a lot of toxic debt.
We are focused on the big picture, not the mundane and picayune little things.
Posting a video on a stock message board to satisfy your desire for "proof" isn't going to happen.
Kick and scream, rant and rave, all you want, but ALLM management owes you absolutely nothing.
That is too simplistic a view.
Much, much more will need to happen in preparation for commercial launch of CTS 2.0.
Management is working on their strategic plan to get there.
We should hear about additional progress along the way.
Yes, it certainly has been difficult for ALLM investors lately, but we believe that news of any significant progress, related to either funding or prototype development, will shake investors from their current malaise.
This will provide an opportunity to observe exactly just what the level of conviction is among ALLM buyers.
https://altitradepartners.blogspot.com/2021/04/a-critical-test-of-support-levels.html
Tom Petty said it best.
The waiting is the hardest part
Every day you see one more card
You take it on faith, you take it to the heart
The waiting is the hardest part
Our advice is to not be a Monday morning quarterback, and let ALLM management do their jobs.
If their progress does not meet your lofty expectations, or your investment timeline, perhaps you should consider selling your shares.
Management has a plan, and they are working diligently to implement it.
They announced a $3 million capital raise, just over a month ago, so things are far from being at a standstill.
https://finance.yahoo.com/news/alliance-bioenergy-plus-dba-blue-060800489.html
You need to just chill, and wait for things to unfold.
What, in your mind, defines " a whole lot more shares sold"?
It is highly unlikely that Nostrum would want to see their equity position get diluted in a big way.
Looking at the existing capital structure of CRXM, Nostrum holds most of the cards here.
Think about that.
What happened to your "great patience"?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=158240711
Talking about ongoing dilution, without having any facts to substantiate such a claim, serves no purpose other than to fan the flames of unbridled speculation.
With a capital infusion of $1.7 million by Nostrum, less than a year ago, it seems unlikely that they would need to dilute existing shareholder equity by selling large quantities of stock.
It all hinges on what their burn rate has been during the past 10 months, but we can’t imagine that Nostrum hasn’t had a say in how money is being spent.
We will get the answers to this, and other questions, once they file the Super 10-K.
In the meantime, patience and perspective are necessary for CRXM investors.
Yeah, and there are no buyers either.
So far today the company's shares have traded a whopping $3,515 in dollar value.
That news really sparked a buying spree, huh?
Being in the restaurant business, could someone please stick a fork in this stock, it seems done.
Nothing like inundating this board with spam.