I’ve mentioned my thoughts before, and I’d like to post them again; feel free to comment:
• The company’s attempt to uplist a few months ago got turned down. But now, they are really going all in, and have applied to NASDAQ with the help of an IB. Ask yourself: why in the world would Sunshine even think about Nasdaq if they had failed in their preliminary trials ( mice trials for Covid or Adva … either/or ). Why in the world would Aegis Capital even consider helping out Sunshine if they hadn’t done their DD by verifying all their recent studies/results??
Applying to Nasdaq gives me enormous confidence that results are very positive, and that good news will start to flow in soon. If results were not successful, it would be like someone going into a major final exam without studying , guaranteed to fail!!
The writing is on the wall IMO.
Recent downtrend is normal, due to lack of communication from the company. This lack could be simply because they are not allowed to give details just yet.
Obviously, Aegis had a plan. Once we uplist thanks to a RS, News should start to flow to maintain the needed SP. if not, Aegis would have failed, which will not be good for their reputation.
Obviously, there are no guarantees, as this is the stock market, but I have a good feeling about the process.
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