I mean it's very speculative and I don't like to make statements in regards to information that I have no backing research to provide... but it sounds like it could be a plausible theory (that unfortunately will never be answered if it was a tip anonymously to the SEC that started this whole thing)… I just don't fully understand why the Wall St Journal article (the only article that originally surfaced at 4:04 pm and only article to be found about the topic hours after the market closed) expressed the concerns of
"No Borders said in a March 16 news release that it was launching a “Home Specimen Collection Kit” that would allow people to submit samples for coronavirus tests without having to leave their homes. That day, its stock jumped 500% to 6 cents a share, up from 1 cent the previous Friday, according to FactSet"
When every other company the has been working to combat COVID all had stock price rallies with their news releases as well...
Perfect example is CODX: 3 months ago when the topic was becoming widely talked about and pandemic was beginning to set in... the price closed at 0.91 (67.1k volume). CODX has a similar shares structure that can result in high volatility just like NBDR with a low float of ~27mil shares.. both technically considered penny stocks in most investors eyes however they both move quick with high volume buying, only difference being NBDR started there news releases in march and CODX started in January... since NBDR was starting at a much cheaper price, any buying volume could move it up 1 penny which would be 50-100% gains and CODX being at 0.91 moving up 1 penny would result in lower % profits... CODX announced launch of test for NEW coronavirus in a PR 2/6... this started the skyrocket run to a high of $18+ over the next few weeks... the 3 month gains from 0.91 to 18+ is much much more than NBDR has even remotely seen yet... ONLY TODAY did CODX officially receive approval on the Covid-19 test... THREE MONTHS LATER!!! over the course of the 3 months the CEO publicly talked on TV shows and released ample PR keeping the high buying momentum as the fears and shortages of Covid test were starting... NBDR on the other hand waited until FDA made serval announcements about the test kit topics... Waited as the FDA changed there mind a couple times... waited until the finally received word about the EUA...
SOOOO.... if this is one of the concerns the SEC was worrying about, meaning that a 0.01 penny stock moved up 5 pennies for a 500% gain on the news.... Where was the SEC when CODX has been hyping there stock from the get go to now currently be trading $9-10 higher than when they first started posting about the tests...???
News 
Market Data 
Discover 
