Not one thing here is impressive. It almost appeared on the L2 insiders were tossing shares back and forth to each other thinking they could start a run. And the average 65% short rate in just 5 days of trading? Huge red flag imo.
When I believe MICA, threw in the towel and disappeared because CDEL kept under bidding him, that was a bad sign insiders are attempting to unload shares as quickly as they can with no regards to the share offering.
Idiot insider with the 1,000 share blocks killed any potential run they could of had and showed how desperate they are to dump shares into the market imo.
I'll keep it on radar but really expect this one to crash below .01 pretty quick.
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