We were told to expect news this week about a production start date. It is still early in the week. There was an attempt to release a series of promotional PRs but a fraudulent penny scam squashed the effort to have that be beneficial to long term investors. There don't seem to be resources for ongoing and frequent news releases now, so I expect PRs to be spread out and hopefully beneficial to the investment community.
The price has gone down and we know some of the reasons for that.
*Initially we could attribute it to the pump and dump scam run by bestdamnpennystocks group (now under indictment). This was harmful to the company, its managers, and investors.
*Since then the BFLX stock has been actively played by shorters and the people who bought in during the pump and dump have sold, probably to short term traders hoping for run ups and sell offs.
*We know there is some dilution and there are wild rumors and conspiracy theories being floated.
Low volume just indicates a lack of awareness or interest in investing in this company. The price goes down as people holding the stock lose interest and decide to sell for whatever they can get. Also the financers have been given shares which can be sold at any time. A few buys makes the price spike up. A large volume day of buying would move the price way up. Will we see that? Your guess is as good as mine.
The BFLX stock price has taken a beating, which seems far removed from actual business operations and more about penny stock manipulations.
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