Walrus, first thanks for sharing all of your insight. You know it's a great question, I think there's a case for three and possibly more plausible scenarios here.
1) There is a chance someone is buying shares to take an ownership stake, I don't think you can completely discount that possibility, particularly given the recent announcement about the NIH proposal and the "reputable organization" that they used in their pitch.
2) It very well could be someone identifying a stock with a wide bid/ask spread and trading it. Up to this point I was under the impression that most people who were in TDCP were investment minded, but recent volume sure points to the possibility of a "trading" element entering.
3) It could be some sort of financial institution buying up shares that sees potential ie a hedge fund. This can seem a bit far fetched, but those guys get paid to find obscure opportunities with big potential returns and at .003, you don't have to move much to make some serious money with big enough volume.
4) The stock market in general has suffered some losses as fund money has seemed to move back towards commodities. Corn and soybeans for example have experienced quite a run here the last couple weeks with funds establishing new long positions in corn in particular playing the corn/bean spread, corn/crude oil spread, whatever other spread people can come up with, etc.
I'm also curious to know who the shorts are, one of the guys on the board shared a link that showed how much of volume was short selling activity, would love to know who that is.
This is going to be a ride for sure, but until we start seeing insider selling, maybe we just sit back and pick our spots that fit for our individual investing needs. Best of luck to everyone!
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