Cyclo Therapeutics Inc (CYTH)

[Cloner2]

I guess this explains the subtle price manipulation I have been noticing over the past few weeks. Setting a floor on the price and slowly raising it.

CTDH needed needed the money but I am a little disappointed they didn't just sell more shares on the open market. Two million won't be enough to get them through clinical trials so they will need that other 5 million shares at .35 which means more shares dilution. Clinical trials likely won't finish for at least another two years so who knows what the price will jump around to. It could go a lot lower when Vtesse beats CTDH through clinical trials. 17 million > 2 million.

Anyway, I have been expecting something like this for a while. I admit the jump to .8 is a little crazy and was probably just due to some idiot not putting a limit price on their order. So few shares trade daily that when CTDH trades $40,0000 worth of shares and it is considered a crazy day! I expect the price will go up and down from here for the next couple years unless someone really starts to manipulate the price. It wouldn't take much money to do just that.