RED, Looks like Lincoln is just back on the Ask/sell-side IMO.
When a firm for all intents and purposes "lives off of" low grade, 100% pure dilution money, well, why's it a surprise when there is constant sell-side, downward pressure on the common shares?
OCAT "taps" Lincoln continuously (essentially non stop, un-ending)- or they'd be BK or insolvent fairly quickly as they burn a lot of cash and have no other source of incoming funds or cash. So it's "tap" and sell shares or die.
And that's w/o even funding a major, large, phase II trial yet- then the real serious dilution will begin IMO.
So no surprise here to me and no grand conspiracy theories needed- it's just likely Lincoln on the sell side and probably some NASDAQ short algos working it too. The myth that shorting would abate or vanish once the big "uplist" happened and all never made a wit of sense to me personally? The most brutal shorts and hedge firms LIVE and THRIVE on the NASDAQ. It's where HFT (high speed trading) and auto-bot trading and ECN (electronic networks) and all the rest were invented and live and thrive. It's all 100% legal and is an integral part of life on the Nasdaq and even the NYSE. Nothing new here? NASDAQ shorts live and pray daily for cash poor, no product, no sales, living off of Lincoln type firms IMO- they have computer algos to "sniff" these stocks out daily and pounce um at-will. The algos see this thing "pop" a bit- and then the pro traders step in and short for the easy money. Wash, rinse, repeat- until something major changes at this firm to give them some kind of financial strength or long term prospect that looks 100% solid.
Why would it be a surprise that this stock is now a golden short candidate to pro trading desks and hedge firms and similar on the NASD market? OCAT is cash low, they have no sales, and they will have no expected product or sales for years per their own SEC filings and public Sr. Mgt statements- what's the up-side catalyst here right now? IMO, this is the type of stock the pro short trader look for all the time. It's an easy target at this point IMO.
Nothing more complicated than that to me. Lincoln on the sell and probably coming up on pro short radars all over the place.
