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Friday, May 24, 2024 2:10:20 PM
and those short could be toast due to the very tight float.
And now that it has been 'hit hard' post the split (about 8 cents pre the 1-60), with a market cap of less than $25 Million??
IF that PH 3 news is good, this could easily see the share price back to support a market cap of $40-50 Million. IE, a double
in the share price from this level.
So I don't think there will be that many short sellers (unless they are naked selling) putting themselves in harms way from this price and lower
with the threat of the PH 3 facing them. But it not unlikely that shareholders watching the price get walked down start to capitulate, say enough
and help walk the price lower.
Sentiment indicator I use thats been running 100% positive for over a month cracked today and slipped into the negative zone. Indicating
the BUYERS are drying up..
Disclaimer: own none, but with the collapsing market cap, it getting real tempting.. to see what happens when the ph 3 data is released, if its good
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