I have been in the same boat as you Locwolf having experienced some mega losses on various stocks, CHK was one of the worst.
Now with regards to HLYK, and I’m speaking to everyone here, it does not take much to move the needle on a stock which is trading at the volume it has been. Some days the traded value is in the $150K range and less and it does not take much of anything for a day trader to place multiple buy and sell orders/enter and exit repeatedly to drive the price down or up for that matter and accelerate the selling or buying. This can be rewarding or create anxiety especially with new investors taking positions who are looking for a quick swing trade or are trying to make a legitimate long term investment.
We also have a few investors on some of the other boards who have been gloating about their gains and claim they have 1 mill plus positions at a very low average and if true, it would take weeks for those folks to offload shares if they didn’t want to all at once in 30, 40 or 50K increments. Additionally, these large share holders are prime targets for those wanting to shake said investors out of their positions by shorting or manipulating the bid ask. This seems to be a pattern over the last several months.
Couple all of what I’ve mentioned with the promise of a Q3 uplist to Nasdaq makes the latter seem lile BS, and naturally so. However, I also believe management has not anticipate such a steep drop in the stock price and maybe they figured they had some time to consummate their deals and maybe they do, as if the stock were trading in the .60 or .80 range, whatever deal they’d announce could still get them to the required level for uplist.
Point is a lot of investors are excited about going to the Nasdaq as am I, but others want in at generous levels hoping for exponential gains including whoever is holding a short position here and I’d love to know how many shares are short since there has been talk of this PUMA outfit controlling the price somehow.
Anyway, the way I see it management will need to become more aggressive with their PR and drop a few bombs ie deal announcements to get this thing rolling again. Which brings me to the recent hire of Jeff Cohen. Why now Not 6 months ago? Was the hire part of their plan or was it done out of sheer necessity?
George O’Leary’s “big game” hunting comment was a bit cringeworthy but he is clearly the gregarious type and he and management are still top notch IMO and i am still anticipating that the recent multimillion dollar investments with Wainwright and family office connected to Arthrex are smart enough to know what they are investing in.
In spite of the steady decline, I will continue to hold firmly to my shares anticipating a significant deal in the works which only management has knowledge of.
