“Then monday morning it went all the way down to .0075 .opened at .01 . If im not mistaken.. And he announced that no bidders on Monday before open..look how strong BIOAQ was and once again Eno turned it into Sh!T..”
He had to disclose that the SISP was not successful and the company was moving to liquidation. There was no choice. BIOAQ is a publicly traded stock and that was VERY material information.
The stock tanked because most “investors” understood at that moment that the stock was essentially worthless, there would be no recovery to the common shareholders. So it essentially gapped down 80% on volume approaching the OS.
The only ones buying it after that were flippers and those not willing to accept the reality and were “averaging down”.
News 
Market Data 
Discover 
