Well there are plenty of buyers that's for certain.
There are strange patterns going on here though.
* all the buyers want to do is sit on the bid
* is the company selling into every pr? Not a way to raise the PPS.
* is there a shorter selling into these past PR? There is at least one that has admittedly done this to hedge his long position.
Why? Because the CEO has lied about promo. We have yet to see any paid promo for starters. 2nd The CEO has claimed that promo was already paid for in cash, $100k yet in the small world we live in an un-named promoter was offered shares, not cash, for his services. Despite all of this, we still see no promotion.
So it remains very puzzling how in two weeks we have seen 2 PR that speak of almost $500k in contracts yet on the release of each all we see is a spike in volume and a declining PPS.
That does not make any sense.
*If you are an insider- why would you be selling as you enter the marijuana market with news of a $250k purchase order?
Why would you sell on the heels of a $200k purchase order for media duplication services? Are these not clear signs of improvement over the last several quarters?
* if you are long- why would you sell at what are merely higher lows? The car you spent the whole summer trying to fix just started up but you don't want to even take it for a ride?
* if you are short- really? Shorting on higher lows with 2 solid purchase orders in place. Last three weeks have shown support at these levels. Just where do you think you can cover?
It seems everyone here is from another planet. CEO once again is clueless on conducting a successful awareness campaign.
1/2 the longs are afraid of their own shadow the other 1/2 on,y want to bid sit.
Old insiders can't see the Forrest for the trees so are selling because they are, lol, jilted, lol, miffed, and are now taking their ball and going home stamping their feet?
And shorters once again are rounding out the cast of characters with a futile round of tug-o-war?
IMO this all goes right back to the CEO and his inability to create awareness and instill any level of confidence.
Hint- the shorter would pull his short if the weak CEO could pull his shite together.
