DarioHealth Corp (DRIO)

[Posiden]

Possibly an oversold bounce coming. The problem is that the sentiment and trader interest is so bad right now (Look at the chart). The low volume and selling pressure has it stuck in a sort of quick sand this week. I believe it will likely test the 18-20 area again, but unless we have some kind of positive PR, it will most likely fail.

The false propet DRIO2014 has revealed himself to be a heavy bag holder. At least he has been active enough to contact the CFO. I emailed Brenda asking about their manufacturing situation a while back and received absolutely no response.

I was able to snag 10k shares around .11, so that helped my average quite a bit. A small observation that is keeping me around is that it seems there is a "composite operator" behind the scenes soaking up tons of shares at low pivot prices and holding the price up around .15 with false 2500-5000k blocks on the L2 bid that will take in quite a load of shares before they concede and test the lows, only to bring it back up again.

I have two major concerns.

1. Dilution is likely before the FDA approval now. We have 2-3 months before this should become an immediate concern.

2. It's very unlikely a test would be requested by the FDA unless the Dario meter operates on some fundamentally different level than any other smart meter (not likely) or Labstyle went to the FDA with a poor data set in the first place. The only difference the Dario has from other meters, as far as I can tell is this "how the Dario™ blood glucose monitor draws power from and transmits data to a smart phone via the audio jack port."