They have the money to buy at a higher price what people like us can only buy at lower prices. People with a lot of money don't have to get in when the company/stock has a lot of risks. Many of us here can only accumulate the amount of shares we have due to bargain basement prices. However, it is also a time where the company has a lot of risks. Big investors, whether institutional or big money individuals, can in one wire transfer buy at $8.00-$10.00 a share what we had to buy at .85/share, minus the risks. That's what having a lot of money can do for you.
TMDI is a typical low float -Low outstanding share count.It is not a well known say-technology company that has many institutions owning it.Nor does it have many large investors in it.It is below 5.00 and many 'tutes' can't own any stock under 5.00 So,you ownership of shares in the market place that are tradable is not really locked up and awaiting for something to happen -yet.Why don't they buy in early to own ahead of the move or buyout?
Because they like clarity and more progress with confidence before laying out 10's of millions on potential gains.In the meantime it is dead money to them.So what will it take? More disclosure and execution on TMDI's part like IDE filed,human trials started,MDT stake exposed for real,Over 5.00
Put in a limit buy order @ low of day. I have no idea of anything but I'm expecting a pullback after a conference that 'disappoints' ppl so I will buy again if that does happen.
I do believe a bunch of news will break before year end that will drive pps much higher. Development confirmed to have restarted and they have the money. I do not believe a BO will be announced this year or early next but who knows. Buying near $1 doesn't really increase my current pps cost basis too much so all is good. GL longs!