Havoc it is obvious we have a few traders here just bashing and loading up low and selling on news. You can either join the ranks or just hold until the stocks hits your price and sell. Some people like to bash and some hype. IMHO just noise and means nothing in the long run. What matters is what Mgt. does or fails to do and what the Q's say. Everybody has to decide what is best for themselves and take action one way or the other. Since they did what we were asking for so long I'm willing to hold to see what happens next. I think there is a middle ground here that just seeks honesty.
It is rather undeniable that we have either dilution or a large block selling.
T Trades from my experience are a typical giveaway of either insider selling, dilution or large investor sells. MM will make numerous trades throughout the day and average them to clean the books at close. Most times these trades are prearranged and not considered retail.
SNEY received 101k during Q2 in funding but burned through 136k last quarter. This pretty much shows they lack enough funds to move through Q3 and Q4. Odds are pretty solid that much of funding or all of the funding is gone and dilution continues for future use.
This is not a negative statement but a reality to business and investing. Companies need money and with nearly no progress in a year and a half, dilution is the only answer.
Odds are very huge that we will exceed well beyond 2 billion shares and later reverse split. With any luck the split will be after a point of cash flow positive. Otherwise this price will be a future goal to reach and not a support to hold.
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