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Alias Born | 03/07/2014 |
Monday, November 17, 2014 2:08:28 PM
I mean, how many years would it be for this "trial" in today's PR to ever even remotely reach a phase II/III, when they can't even fund or advance forward the phase II/III HEART trials they have now (which now go clear back to 2009/2010), their reported "expertise"- so what is this PR "degenerative disc trial" even supposed to amount to, or how would it ever be monetized and become an approved product/therapy or even progress further in the future? They haven't journal published anything in years (at least not that I'm aware of, not in any major academic or high level medical journal I'm aware of?)- despite all these "studies" and "trials" going on all over the place? Makes zero sense IMO? They can't advance their HEART trials for "lack of funding" (see 10-Q just filed) and their name is BioHEART, but they're gonna run all these other trials for all these various maladies now too? Really? $46K cash left on the balance sheet in the 10-Q just filed?
Bid .0153 and Ask .0172, just swung it over a plus 12% range, in a blink, on some small trades. Wow. No shame in the dude's making a market for this one. Who would pay a 12% spread just to get a fill on like $500 or maybe a $1000 bucks worth of stock? I sure don't get it.
This one's really wild lately- 2 days last week where it doesn't even post a single, opening trade for 1 hour one day, then 1.5 hours or more the next. Then it traded a day or two with like $1,300 bucks or so total dollars traded for the day.
Now, they got a PR out, and whoever's making a market in this cranks the spread just huge, wide open and it swings 11% or more in a blink, then just sits parked a while again, took 30 plus minutes, going on 45 between another small dollar amount to trade?
Now they just took a few for about a 10% spread in those last small trades, taking it from +12%, back down to just plus 2% in a blink. Holy cow. Loss of 10% in a position, from one minute to the next. That can't feel too good IMO. Just tightened the spread just a tad now w/ Bid .0155 and Ask .0164, looks like maybe running out of gas from the AM PR attempt to run it up a bit.
Still way, way, way below the 50 DMA and the 200 DMA, so another PR just doesn't seem to move the needle much anymore at this point, the way it looks to me. Downtrend is solid, in place still so far.
Just went red, from +12% in AM. Wow.
Strange brew IMO.
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