No Leaks. No Buys. No Nothing.
No leaks? Yah right. More like no one believes them. I don't know... I guess I'll give Cyto the benefit of the doubt and say perhaps the China deal was leaked but it's written in traditional Chinese and no one can understand it, therefore the price hasn't moved.
No buys. This is what concerns me. 6 point spreads on 30K... 4 point spreads on 20K. It's trading like this that shoots the old Beta coefficient through the roof.
No Nothing. What happened... prices used to RISE on good news. Now we lose money on good news. Example #1 (my personal favorite)
March 30th the PR that prompted the companies current 52 week high is released. (1st Order of synDNA)
March 22nd - 1.13
March 31st - 1.49
In the week leading up to the release of said PR, the share price rose 24%. IMMEDIATELY AFTER THE NEWS WAS RELEASED THE PRICE BEGAN TO FALL. (no leaks? yah right if so, the price would have risen AFTER the news not before it, because THATS when it would have been disseminated) Why it fell afterwards and didn't continue to rise is open to debate.
June 13th a PR is released annoucing not only that the 1st order had "exceeded expecations" in terms of quality and efficacy but that an additional "ADD-ON" order had been placed AND that future GRAM quantity orders were in the works. (this PR is at least 2.5 times as good as the March 30th one)
Let's examine the SP movement leading up to this PR in the same time frame.
June 5th - 0.93
June 14th - 0.91
Not only did the SP not move up going into this PR but after it was released the price actually dropped 2%. Explain that one to me. Is it possible to leaks news and then not to leak news and for the leaked news to move the price up but the non-leaked news moves the price down... If so please leak more news...
Summary:
I'm tired of playing the PR game. Frankly, I've gotten to the point where I couldn't care less about what the latest PR says. The following topics are all I will continue to concern myself with. Additional sales (which can actually be verified on quarterly reports), Tangible Asset Increases (like the construction of a cGMP facility, again verifiable), changes in Management (haha immediately verifiable) and Test Results (although not verifiable... if they lied about these I'd kill them)
AI
