It’s absolutely head scratching. I’m not shocked at the fall bc the sector has been bleeding for months. It’s the rate of the fall here. It seems way faster with no end in sight.
Every time I think we’ve bottomed the next few days another 10-20% evaporates.
It’s effing ridiculous.
The CWBHF float is really tight so it’s not some sort of killer dilutive event. My bigger point, though, is they just sold 5 million units for $9.98USD.
So, to me, that sort of sets the compass as to what bigger institutions are feeling right now and the sp seems to be settling just shy of that now.
Same action happened when the founders cashed some out. Price settled right below the bought price before making another run. I’m thinking/hoping history will repeat itself there.
The FDA has really disrupted what we all thought would be a banner year. It started that way then the powers that be decided to put the brakes on this sons a bitches.
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