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Bullboard - Stock Discussion Forum Braxia Scientific Corp C.BRAX

Alternate Symbol(s):  BRAXF

Braxia Scientific Corp. is a Canada-based company, which is primarily focused on owning and operating multidisciplinary clinics, providing treatment for mental health disorders, and research activities related to discovering and commercializing drugs and delivery methods. The Company seeks to develop ketamine and derivatives and other psychedelic products from its Internet protocol (IP... see more

CSE:BRAX - Post Discussion

Braxia Scientific Corp > Can someone explain what is going on?
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Post by Let5MakeMoney on Jun 03, 2020 4:04pm

Can someone explain what is going on?

Stupid question probably, but I'm just wondering why this stock has dropped so much in the last couple weeks? I have a small position at an average cost of $1.75 and I'm definitely a believer in this stock, but just want to know who are the ones mostly selling this stock off and why? Thanks
Comment by Gr8play on Jun 03, 2020 6:30pm
I am pretty sure this is the reason.... I posted this on May 29th and I added it below... "RE:RE:RE:RE:NR Involving Voluntary Share Lock-Up I agree that it's a good thing that there is a temporary hold on the trading of 17 million shares. But think about it for a second. These shares were probably acquired at 20 cents a share or maybe a bit more. If 10 percent of the shares are dumped in ...more  
Comment by newcoin on Jun 03, 2020 6:44pm
Every stock that's starting out has the same sort of financial structure. Some worse, some better. I would call this a 'medium' issue. I've certainly seen lots worse. Long before the middle of July SHRM will have released lots more news including at least one new clinic. Not to worry.
Comment by Let5MakeMoney on Jun 03, 2020 9:24pm
Thanks newcoin! I hope you're right! Either way, I'm in this for the long haul, I would just like to see this going up (as would all of us) sooner than later.
Comment by Let5MakeMoney on Jun 03, 2020 9:22pm
Thanks, I do remember seeing that post of yours Gr8play... So, if you don't mind me asking, I'm curious, are you one of the bag holders right now, or did you sell off based on your own solemn insight?
Comment by Gr8play on Jun 03, 2020 10:23pm
Well Let5 I did lose a fair amount but I am still in the green. I was hoping that I was wrong as well. Sometimes it's a crapshoot.
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