The most any private placement holder has paid is 50 cents a share. I wouldn't say awful by any means... 80k shares of 2.12 million shares newly available to trade... Not awful... 38k shares sold before the 8k went out. It's just some people shorting/flipping and a few weak hands.
Think about that... and know that private placement holders are holding at these levels in general. These share numbers are not new... Sometime in October slightly over 10 million will be able to be free traded... (doesn't mean they will be but could be)
We have needed liquidity and this is helping to get us there. The company is smart and have been working for a year and half without many product/research relevant updates. Likely a lot to be made public to bring attention to the company and establish a solid value higher than this with share volume to support.
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