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people need to get over the 'marijuana' thing,. as a business investment it's just a commodity product. it's farm product for producers.
none of these cannabis producers have any competitive advantage, no ip patents or moat. like airlines or technology, anyone can buy some seeds and start their own pot growing business in their backyard.
it's like natural gas producers they are so in debt and selling below cost an lots of supply. it's not cash cow business. When it was illegal prices were controlled by drug cartels in the black market. that is the reason for all the drug gang wars. competition.
cannabis sector farming sector, even if legalize more competition. prices keeps going lower for the product they are selling for less than it cost
to produce it. investing in cannabis is like investing in the tomato or corn farming business. honorable business but tough to make money for investors or very little profit or no profit. there is no moat in cannabis business. consumers can grow it at home themselves.
this site doesn't even show the views..less than 100 views. that is how cold the market is now or dry. or lack of interest. lots of options have zero interest and no volume why options even trade for those stocks?
the stock market especially for small caps seems to have halted a lot of stocks have no volume. it seems retail traders moved all their speculative money into trading cryptos. just more action
Why does 90% of clinical drug development fail? and cost over 100 million dollars.
Only 1 out of 10 drug candidates successfully passes clinical
trial testing and regulatory approval. A 2016 analysis identified four
possible reasons for this low success rate. The researchers found between
40% and 50% of failures were due to a lack of clinical efficacy,
meaning the drug wasn’t able to produce its intended effect in people.
Around 30% were due to unmanageable toxicity or side effects,
and 10%-15% were due to poor pharmacokinetic properties, or how well a drug
is absorbed by and excreted from the body. Lastly, 10% of failures were attributed
to lack of commercial interest and poor strategic planning.
it's technically gambling if you have like 90% failure and only 10% chance of succeeding.
it's more like high risk gamble to develop any drug. 90% failure rate.
The stalking bid is $2 million for a drug that cost or spent over 100 million in research and clinical stage.?
How much does it cost to develop a new drug for FDA approval?
1. over ten years
2. over 200 million dollars some say cost $1 billion?
no wonder drugs are so expensive for drugs that approved, investors want their return on their investment for the drugs that didn't make it or 90%
https://theconversation.com/90-of-drugs-fail-clinical-trials-heres-one-way-researchers-can-select-better-drug-candidates-174152
In an analysis of the drug development costs for 98 companies over a decade,
the average cost per drug developed and approved by a
single-drug company was $350 million.
https://www.lse.ac.uk/News/Latest-news-from-LSE/2020/c-March-20/Average-cost-of-developing-a-new-drug-could-be-up-to-1.5-billion-less-than-pharmaceutical-industry-claims
cases like this waste the courts time and public time and reason people hide their wealth from frivolous lawsuits an fines by private entities and gov't.
most of the money laundering is done for privacy reasons and protect assets seized from frivolous claims by gov't and divorces or business lawsuits. as vast majority of offshore tax havens to protect assets from gov't confiscation .or frivolous lawsuits
civil lawsuits like he guiliani case makes a mockery of the civil law on tort law. The judge knows the plaintiff will never receive a dime on a frivolous lawsuit like
defamation as know real harm was done.
https://www.nbcnews.com/politics/politics-news/live-blog/rudy-giuliani-trial-verdict-defamation-live-updates-rcna129882
Where did they get 148 million. Was the plaintiff deserve 148 million? people get harassed and bullied don't get 1 million. so this 148 million is like $1 million parking ticket given to you buy somebody. and judge just agrees with it they know you get a dime of the 148 million lawsuit, the lawsuit in many countries is considered is harassment. the judge or jurors just agrees the plaintiff was 'harmed' but 148 million was unreasonable. but that is the current state of American justice. a two tier justice system and arbitrary fines without any reason.
http://shortvolumes.com/?t=HGEN
The volumes is fake too right or shorting was done by the algo wash trading client account or prop account to generate trading commissions. there is no reason to short stocks under .01/share you are shorting stocks trading at .0020?
The Volume and short volume are limited. It is not including all volumes from all Market. The short volume is definitely algo shorting as only a machine would be shorting shares at this level. They probably have access to free shares or cheap shares from client account. and can cover and shorted shares.
Date Short Volume Total Volume Percent
2024-01-04 22,685 2,063,685 1.1%
2024-01-03 4,060,711 7,718,944 52.61%
2024-01-02 1,675 4,773 35.09%
2023-12-28 50,000 308,747 16.19%
2023-12-27 200,650 801,885 25.02%
2023-12-26 41,993 284,544 14.76%
2023-12-21 1,500 278,127 0.54%
2023-12-20 1,730 7,732 22.37%
2023-12-19 25,898 51,772 50.02%
2023-12-18 1,755 217,334 0.81%
so many new tickers new names but same operators
in dark mode, there is zero volume for months zip volume
the prop traders running this ticker still has not turned off their machines or sold off their shares. and put the ticker on dark mode.
the fact that the algo prop trading accounts that brokers still running is a good thing. there is still life in this stock and has not gone DARK.. only machines would trade those trades. for what reason who know. its alive or wash trading for commissions from client
jan 23, 2024
Recent Trades - All 6 today More trades...
Time ET Ex Price Change Volume
11:15:55 Q 0.0001 0.000099 34
11:15:52 Q 0.0001 0.000099 500
11:15:48 Q 0.0001 0.000099 1,871
09:56:27 Q 0.000001 1
09:43:35 Q 0.000001 13
09:33:58 Q 0.000001 40
technically, it's .0001/share traded so you can technically buy 10 million shares for $1000 bucks! and entire company for $12,000 which is less than buying a shell company. some exchange charge over $50,000 to get shell listing. legal fees, etc ticker maintenance fees annual fees.
a shell company has no assets, no employees, just delaware corporation and doesn't even need to file taxes. just an exchange listing. with at ticker
how long will hgenq still trade on the OTC that is the question? before it is delisted by the SEC
it cost nothing for hte market makers and brokers to list the ticker. or less a few thousand dollars to list any ticker. on the OTC but there is no interest and no market for hte tieker, other than a shell company
if this ticker gets delisted and not longer trading, it cost $300 to remove the ticker from your brokerage account for retail brokerage account holders. As for prop trading house accounts holding this ticker, the broker just removes the ticker off their books themselves and cost nothing
The market is ignoring ticker considering there is zero volume, zero institutional interest, zero post in yahoo, zero post in stocktwits. and many don't even own the stock. Most institutional investors and retail sold out when it dropped to .04 cents from .15/cents. The question is who still owns the 120 million shares and why still holding it for?
for otc stocks ,,,entire day is like afterhours trading.
who says there is no after hours trading for otc stocks.
1.3 million shares traded after hours.. who sold the 1.3 million shares afterhours.
the guy had entire day to sell and sells afterhours. must be a cross trade and he bought from client account to cover his short or something. by some prop house account.
The fact that the shorted shares data is still not reported. for jan 15. is odd.
where is the 120 million shares?
there is a 10 million bid at .0001
only the broker house account can bid at .000001, or some proprietory trading account or the trading desk can bid at .000001 or can short at .00012 .Most retail trading accounts that is regulated by finra or SEC you cannot short stocks under $2 it's too risky for the broker an no shares to short
A market maker is neutral whereas a prop trader or desk trader is not neutral when participating in the market.
the guy is some algo programmed by a desk trader using the prop trading account or house account for a client. A market maker is not the same as a desk trader or prop trader.
This ticker doesn't have market maker. Any trading now is a proprietory trading account which is broker account that can bid .000001...or professional trading account or desk trader in some broker doing the trading or customer accounts of brokers . as for 4 million short, as for the short position. there is no short interest data for jan 1 2024 or jan 15 2024 at the otc market
a lot of these shareholders who own the 120 million shares are either too small that the proceeds of sale doesn't even pay for the commission of selling their shares. or it's a lottery ticket in their portfolio. or liability because once delisted the brokers won't remove the ticker from your account and to claim capital loss, you have to sell it to claim capital loss. and cannot buy it back for more than 30 days.
There is a bid at .0001 for 10 million shares
why is it not being filled? $1,000 bucks cash!!!
where is the 100 million shares and who still owns it.
it'll cost $300 to have the broker remove the ticker to get any capital loss. tax loss season is over too for 2023.
I doubt anyone owns more than 10 million shares that is less than $1000.
HGENQ
Humanigen Inc (CE)
0.000001
-0.000009 (-90.00%)
Volume: 1,250
Day Range: 0.000001 - 0.000001
Last Trade Time: 1:05:25 PM EST jan 22. monday 2024
because it is manipulated. it's so obvious. entire exhange is fake exchange. how you regulate a fake exchange.
you get a paper statement sent to you by mail for every trade in a single day by paper. this 2024, there is no need for paper trail.
beleive it or not many banks and brokers still send out trading paper statements of trades done by customers.
this OTC market they still using paper an pen reporting and excuse was technical difficulty excuse.
missing data short position for hgenq
for jan 1 short position
and jan 15 short position
a month to report a simple data. october was missing too.
https://www.otcmarkets.com/stock/HGENQ/quote
short interest as of DEC 15 2023 still shows 744,632
The exchange is either deliberately not updating the short position
http://shortvolumes.com/?t=HGEN
supposedly 4 million was shorted in jan 4
I don't see how they can cover 4 million shares in the open market. must be cross trade between brokers.
that is how manipulated the market is, they deliberately not post the short position in the OTC? that is basic market information.
you go to yahoo or stocktwits, there is almost zero investor interest or retail investor interest meaning very few retail investors or traders in this ticker. or it's then end of the ticker they don't even bother or waste money promoting this ticker.
they know AND THE they is the people who run the crypto or the exchange, the regulators are too lazy to know. you have these websites saying anyone can start a new crypto? or exchange, theoretically anyone an setup their own cryto exchange and create a new crypto. if all of them used the same back end transfering of money like banks, anyone can start a bank without investing in any backend software or even have own building like these virtual banks much like stock brokers who use prime brokers to do their backoffice like clearing trades