RE:RE:RE:RE:RE:RE:OK, so that other stock shook the market....People aren't 'used to' the sort of communications behaviour employed by KNR I think...
So many douchy spec plays just are based on NR's and the overall narrative (as a recent poster pointed out). For intra-days or very short-term types that can be profitable I suppose (I wouldn't know...).
I believe KNR is on a junior exchange because that's where PG and co. believed they could build out a business (and ultimately exit handsomely--whenever that may be) on a scale such as this one where there is a tight float (that they can hold a huge portion of) and plentiful access to 'penny stock' money. Their positions would be much smaller on larger better-capitalized projects that may have IPO'd for example on TSX/Nasdaq. That said, I think PG is of that calibre.
They are serious operators I believe (and I think is borne out over and over again) and not sleezy get-rich-quick players. So, they release news in a conservative/measured way -- one could say in a 'mature' way. Sure, they keep shareholdes updated on things like certs, lab results etc with frequency they occur as they are 'material'. However, other plays issue NR's when they get excited about maybe entering into a partnership with another company that is also 2 days old and barely a website,... You get the idea.
Traders and speculators don't necessarily have the "patience runway" for the more methodical and strategic moves KNR makes (and similarly reports on), so they get frustrated, they bail, they come back in, etc... and with a float so tight (a good thing when it hits) the SP is prime for manipulation by actors with enough powder to be able to move it the way they want to.
I think it's peculiar because the market doesn't necessarily know 'how to take' what this brilliant and strategic management is trying to do, I'd remind them, look at what they have achieved over so few months. Understand how fickle public buyers can be to deal with and all the considerations in their decisions (never mind the plain old bureaucracy of it). And, most importantly how ambitious the BioCloud project is and how enormous it's potential is... KNR all the way....