RE:Asks?@smokey, besides those having recently bought at 0.07, there also are several who bought through last August's PP (prior to the IPO) and who also hold loads of warrants.So for those first buyers, they're effectively selling at 5x from their purchase price, only 9 months ago, while being able to keep their warrants (for a period of time I'm unaware of).
As such, we could expect to see continued selling at current sp, unless SCRN comes up with a meaningful NR providing clearer guidance as to what to expect in terms of Q1 and broader 2021 financials. These will come in due course but, in the meantime, there likely isn't much to expect.
I'm averaged around 0.105
Smokey1958 wrote: Who is flooding the Asks at $.10? I am completely baffled by the logic. While I can appreciate that for anyone who got in at $.07 (the lowest the so has been) that a roughly 40% in such a short timeframe is fantastic, there is still so much more upside.
To be transparent I'm in at an average of $.10 ....but this effort to maintain the sp around $10 is challenging to understand.
Looking forward to hearing how the increase in tests sold is affecting the bottom line and expansion.
GLTE!!!