DarioHealth Corp (DRIO)

[Taylor Orion]

My personal belief (and hope) is that DRIO actually has their necessary funding and financing activity in place - possibly from building a base of revenue streams in countries where they already have approval for sales. That is the only reason I can think of that they would not attend an investor conference that would raise more capital for business operations. This is still an OTC security, though, and will be approached with utmost suspicion due to the listing status. Also with such a low float to the stock it can be subject to manipulation needing only $2 MM in capital to control daily movement, if even that much. Add in MM naked shorting made necessary by shortage of shares, and the MM's holding significant open positions have plenty of motivation to attempt open market trading to push the stock lower and break investor confidence. They lose a lot of money if they don't cover and the stock begins its inevitable parabolic movement to prior levels, without further announcement of increasing A/S. Current price (approx .09) should be about minimum standard valuation for the company without further verification of sales or approvals, though (due to an 80 MM A/S). Nobody wants a falsely pumped stock value that could end in a horrible crash, like many other stocks during the 1st and 2nd Q of this year. Now it is up to them to notify the public of current operations to restore confidence of increased value.