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Thursday, December 26, 2019 10:48:21 PM
Initially, PRED was looking to quickly uplist to NASDAQ, which would have been an accomplishment all by itself, but also would have allowed institutional investors to buy substantial amounts of shares.
We’re all aware the NASDAQ uplist has been temporarily delayed. However, PRED has been ‘penny stock exempt’ for some time now, allowing many institutional investors to buy substantial shares. We all know this is exactly what has been happening, while we have at least one seller dumping shares.
So, we have a huge amount of shares being purchased by big boys, who will be holding these shares for a substantial amount of time, as they know how big this company will be.
This can progress several ways. 1) some of these large institutional investors could temporarily take them off the market (as was suggested by a poster), thus significantly decreasing the float. 2). Big PRs can start being released that will push the pps up markedly. 3). Both could occur simultaneously.
NASDAQ to follow.
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