Friday, May 07, 2021 12:50:06 PM
First off, the PPS staying above the .01 level in light of the filing delay and current STOP Sign warning tells me that there is a real concerted effort to maintain this price level. Secondly, very rarely does one come across an OTC security that sees this amount of limited selling on a daily basis - there's NO question that the sustained wait and see scenario tells me that there is a significant amount of shares held that have currently reduced the float size.
Case in point: currently the last trade was more than 1 1/2 hours ago, which is emblematic of this waiting scenario, but what's highly unusual is that the MM's aren't motivating some movement in trading - I've been saying for quite some time that I believe CSTI is a friendly MM, and if you check today, this MM once again won't come off the bid.
I'm sure others will agree that this entire wait and see story is rather intriguing and in many ways rather extraordinary - in my years investing and trading, I must admit that I haven't been involved in a scenario like this. That said, I certainly hope our wait will turn out to be very well worth it!
GLTA LONGS!
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