Its obvious Armistice Capital has backed off selling shares as we haven't seen large ASK orders recently. They gave Coretec 6 million dollars and picked up 12.5 million shares , refunded warrants last May 8th of 2023. They may be out of those shares but still have 38.5 million refunded warrant remaining but can only own 4.99 % of the Coretec outstanding share count at a time. They also have 82 million warrant they can excersice at 7.99 % with the same restrictions on how many they can have a a time. Armistice Capital disclosed on Feb 14th 2023 that they held 13 million shares of CRTG and again received 12.5 million May 8th 2023 according to SEC filings posted by Coretec . We haven't seen any disclosers this year so maybe they are not holding any shares right now . Maybe this Corporate development has something to do with this . Maybe since they are an activist shareholder , investor in CRTG they are aware of the inside details of the new Corporate Development and cant trade any stock or receive any more stock right now until this new corporate development is public. ??? Institutional investors who are the main funders of small companies like CRTG have some influence but not final decision makers of a companies corporate activity. If this new development affects the shares , stock or stock value i would think they have been notified and had explanations of these events given to them . So the stock we see can move much easier without huge amounts of stock sitting at the ASK . Big news will provide CRTG of much needed demand and should move the ticker higher .
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