There is one primary factor that has led to the recent drop in share price, IMO, and it has nothing to with Asher Enterprises and nothing to do with the delay in receiving funding.
We learned that a long-time shareholder, who is going through a divorce, has had to liquidate 690,000 shares, most of which have likely hit the market, causing the recent decline in share price.
The first 290,000 came right around the time of the first Q&A session, which was very positive and cause for some new buying volume, but was unfortunately met with resistance from this large seller.
The next 400,000 came this week, and took out all bid support that had been established at .05+. Another unfortunate event, but an unforeseen circumstance that has no bearing on the future of SMKY and its ongoing financing efforts.
It really makes you wonder, without this seller, where would the share price be today, and what would be the overriding sentiment on this board?
My posts are my personal opinions and not recommendations to buy or sell securities. You are responsible for your own investment decisions.
