Right now probably around 60-70 percent of the float is In strong hands. Besides that there’s a lot of eyes on this and waiting for the right time to jump in.
Short term you have this that will make this start moving.
1. Announcement of the rabbit tests complete and finished writing the submittal for the ide.
2. Submittal of the ide
3. Approval of ide
4. Announcement of phase 1 human trials starting date
5. Phase 1 starts
Yes there will be people taking profits on the way but the buyers won’t be going anywhere.
There’s not only individuals looking to buy, they’re brokerage firms looking to get in on this as well but many can’t until a certain dollar amount in share price is reached.
Also this is a device so the human testing is no where near as long as a typical fda test which takes years.
More than likely will probably be bought out between phase 2 and 3 which will happen fairly quickly. 1-2yrs tops
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