Nexien BioPharma Inc (NXEN)

[GOIN/Green]

So here is what I think happened. The large amount of PP shares were released over the last couple weeks. The run up was someone buying a small amount to move the PPS up then they gained their PP shares as did others... when the share price dipped below 56 cents the market cap was so low that PP shareholders could not continue to transfer their shares in. (I got stuck)... the other day when the share price climbed and closed at 57 cents it raised the market cap high enough to transfer shares. I was able to get mine through the next morning. That said... new amount of PP shares available that were bought at 13 cents. So I suspect someone is taking nice profits right now but because there is not a lot of interest yet there is much more selling pressure than what buying pressure can absorb.

JMO but I with no news I could see this happening a few times until the PP holders who wanted to sell have sold all they desired... then it will go up