Sonnet BioTherapeutics Inc (SONN)

[Kaad_g]

Last I heard this was barely shorted so I don’t see a squeeze play.

This same scenario played out about a year ago. they create a lot of volume to bring in buyers because they have an open ATM to sell shares. They need to sell the shares because they are probably almost out of money. The volume and price went up for about two days, then it dumped.

The next day they had an offering.

This looks like the same thing except now there’s also a reverse split.

Let’s hope I’m wrong, but the price is already back down to where it was several days ago.