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Re: KngmAz post# 658

Wednesday, 05/15/2024 3:08:52 PM

Wednesday, May 15, 2024 3:08:52 PM

Post# of 692
I hope that you are correct with respect to significant rise in PPS. But with the last few press releases, little to no movement, and until financials are released and we have time for analysis, I doubt it. The catalyst for a pop isn’t so much what amount is sold, it’s cost of goods sold, profit margin(s) and delivery dates. When you look at trading platform all you have is buy / sell of a few hundred shares here and there. My guess is that the MM are holding this from running until they accumulate enough shares that ‘they’ benefit greatly from the increase. Over past week no big blocks have been acquired / sold. Santana is throwing everything up against the wall hoping something will stick. A pivot in business strategy happens frequently but then you have to look at the cash burn rate again. They don’t have the cash on hand which makes me believe a large financial commitment is about to be announced.
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