Probably with the plan of dumping them at 2 to 3 cents on news. Secondary toxic shares so to speak. A cottage industry. Just another huckster day in Kennyland
Looks like everyone trying to catch the falling knife and hope for the bounce. Then they knew it is a scam and they dump it back for a loss. That’s what cause the PPS value kept falling like a falling knife
1. KIAB inferred the IND was going in the beginning of last week. IR then confirmed it hadn't gone in as of this week.
2. There has been massive share dilution the past yr. As in more than a doubling of the O/S from 1B to 2.4B.
3. Claimed the last chunk of dilution generated $5M-$1M in liabilities. Then subtract out an unknown expense for the past 3.5 months. We know they burn thru $2M/yr with only 15% going toward R&D. We know the O/S is bumping into the A/S. So additional stock dilution will need for the A/S to increase.
4. Also known is no EUA has been granted for the Covid test kits.
Any other things such as the Kenny Wonder Treatment being a cancer cure is mere speculation.