Thursday, February 20, 2020 12:42:42 PM
I believe the shareholder letter is coming by March 1, but I also think they would like to have the patent granted and in-hand, perhaps along with a picture as they have shared in the past, before releasing a shareholder letter. The patent has been in publications for several days and literally at any minute it can change status to mailed or delivered or whatever the final note will be. We have no idea what the company might do next, and if they have a plan of anything shorter term than waiting for the phase 2 and 3 trials to complete, the price will skyrocket. Even moderately good news can bring this up to .10 easy, there are MANY eyes on this stock. It has shown it has the ability to move up 3000% in a week, because of the share structure - again, they have hardly needed to sell any shares. And the current med-term pattern shows it can still move much higher as it has done before. But it's highly speculative so the potential for huge volume is always here. All it will take is for one or 2 groups of "players" to come in and move the stock up with all their buying power.
Also, the price only got down to a penny in the first place from extreme negativity, IMO. But the fact is wasn't from dilution - this alone separates this stock from 90%+ of others on the OTC. So this price is still very cheap after coming down 75% from it's recent .15 high. Sure it can still go down and fill that gap, which is about 40% cheaper than current price, but that's a 40% risk for a potential 150%+ quick gain. When this does run up again, it will not come down this low again without bad news such as a R/S. It will form a new low at a higher price area like we are doing now.
I see, as a trader, a really great buying and trading opportunity on this stock right now and I'm almost fully loaded. Excited for something big to finally happen again since the end of the year.
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