Friday, June 17, 2022 9:19:08 AM
According to the filings and SEC regulations.
Please do your own due diligence and read for yourself. Not here to hold hands.
As for CUBT specifically-- there is a macro challenge--investors scared and raising cash. Especially those investors who have margin balances. IF you get a margin call, you have to send in more capital to keep all you stock holdings...
OR...you have to sell 3 times your margined equities to meet the call...
OR...you can sell stock in your cash account for the actual amount of the margin call. CUBT and all other non-marginable stocks are held in the cash account.
So if you do not have or do not want to send in cash--and you do not want to sell 3x of stock of your holdings in your margin account, you sell the microcaps.
As always---this scenario does not go on forever--but it can partially explain why someone would sell CUBT down here. It buys time for the market to stablize. And if you want to get back in after 30 days and book the loss, you are back in CUBT (albeit maybe at a higher price, but the crisis may have passed for your overall account.)
Hope this helps.
Successful Trading is the art of minimizing long term risk and maximizing capital allocation.
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM