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jboatswain

02/22/17 2:12 PM

#11226 RE: KobeF #11224

Kobef, this company aint a scam. There are lots of people here who bought this in upper .90's; to them, every PR event (CROI, BTD, etc) can bring in 30% increase in the stock price. CROI moved the ticker by 5 cents, next day it came back where it started from. Same thing will happen to BTD. The next big event is P3 adjunct data; this should move the ticker.

The lucky investors are those who participated in private placements. They bought shares along with free warrants. They can sell shares even at 72 cents, yet they can keep warrants which cost them like 6 cents, by selling shares for a loss. Even if you look at average volume, it is not much: not many shares are being flushed out. For a company with 120M shares outstanding, average volume of 300K is like peanuts.

JBEM blames the management for the mess this company is in now.