Its not that simple. There might be a few emotional traders or manipulators out there that doubt the company (or say they do) but the issue with this ticker is not one thing. First you have close to 1 billion shares in the float able to be traded which is a huge plus when you see how the stock performs at the spread and trend it does. Just think about that! That said it makes it difficult to move upward significantly. The stock also is not fully reporting or even current. Add to that market concerns and impending deadline for OTC companies, and you have some serious concerns to overcome with traders. On top of all that this company has been shorted on average by over 30-70% over the past 10 weeks! That is insane! Oh and its still up like 1,600% over past 90+ days! Even more insane!
The company will go current soon (probably next week), revs will be announced, we will probably hear something about FDA on Bacter Scientific. We will most likely see a windfall of announcements from the company (that I am SURE they are holding back because they are waiting on being current). They will announce audits completed soon (probably June?) and S-1 submission date (June/July?). Shareholder letter is coming probably right after they go current and I have a feeling it will be huge.
MM's shorting and screwing with us will go away and momentum will build. This ticker will take off soon enough.
The only worry I have is that CEO wont do r/s and jump us forward to NYSE. I hope he does it and gets us there this year but more likely to happen next year. Either way, if we are fully audit and reporting with S-1 submitted by July, I will be VERY happy and most shareholders will be as well. IMO
