My guess is that the powers that be want some cheapies and see an opportunity where faith in this company could be shaken. Good news is imminent. But they can take advantage of doubt until then. So they drive it down to shake the weak. We stand to benefit by buying while OWCP is on sale. If you're long you take advantage and accumulate.
Volume is going up and we ve found support again in the 30s. Chartwise, we have been rejected at 0.50 and these days we are going to find a stronger support; I suspected low 30s will do the job and will be the new low base on daily chart: this plus the increased volume we are seeing would drive next move up to above 50 imo
Unfortunately no one can offer an explanation... everything is speculation as to what it could be. I blame the clowns running OWC for their inept management.
Bottom line the market is calling BS on OWC until the company actually accomplishes something which to date it has failed miserably in doing so.
Fact - the safety study is over a year late but yet no accountability or explanation.
Fact - no one knows if OWC will be selling any product this year or if they want to play pretend Pharma company and drag out the studies into 2019 or 2020.
I could continue with another 10 items but I've made my point. Given all their credentials, they should be embarrassed to have their names and reputations associated with a $0.30 stock.
As pointed out there are other MMJ companies less going on than OWC whose market caps are double or even quadruple ours so let's ask the obvious question why does the market view OWC so negatively? What does the market know that we're refusing to accept?
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