"Below is the chart for 1 year. You can see it was around 12 cents at the start of the chart."
and before that it was at 20 cents...so what?...there was no catalyst to get the stock higher during that time...there was no real production, just preperation, forward looking statements and lab stuff...and having a huge r/s and huge offering on the table with no product being produced, and being dead broke?...where was the pps bound to go?...
these are the reasons i sold everything in the mid 20's...the pps was destined to head down until such time as the company's fortunes began to improve...
and that time is now...
the dilution to yorkville was being handed off to their well heeled investors in private transactions...this had little to effect on the pps...theres gotta be at least 90 mil shares diluted to yorkville by now...if those shares had been sold in the open market, the pps would have hit one penny a very long time ago...and very likely sub penny by now...
but yes, there has been an increase in selling lately that has helped drop the pps...im not sure where that selling is coming from, but it does not appear to be yorkville...
the drop from .20 happened because thats what happens to every stock where the company is stuck in low gear and has to move forward slowly until they get the problem solved...
the idea that it would take this long for the pps to hit .05 with the enormous amounts of dilution that has occured is ridiculous...
yorkville is ripping kblb off for sure...but on the other hand, they are ensuring that the rip off doesnt decimate the stock...thats was a huge and wonderful surprise for me...
on another issue, a big fear of mine was that kim would dick around until the bull market ended and we were in a bear market and even worse a recession before he finally got it together...
well, here we are...
