RE:RE:RE:RE:Sell orders pulledCZO's current market cap is about $65M. This is a nano-cap (people consider microcaps to have a starting capitalizatioin of $300 or $500M) and instiutions / funds are restricted from purchasing shares. At most a micro-cap fund may be able to nibble for a position. Instiutions may be aware of the company but unlikely able to make any purchases.
I currently own a company with a market cap of $400M but hear that until they reach $500M or have a share price of $5, or get a sensior TSX listing (perhaps even a combination of the 2), some funds cannot buy the stock. They are in the wings waiting.
This is where we as retail investors are nimble and not being held by these rules are able to buy cheap nano-microcaps. It's one area where the playing field favors us, take advantage of it. At this level we are playing against each other, retail against retail investor.
upside80 wrote: And realistically ZoranSto, they're already selling to J&J and Symrise is redistributing, there's no way institutional players aren't in the know and haven't already been engaged, if they haven't it's gross imcompetence on Gilles side, which I don't think is likely, patience will pay off here.
They will however want a piece of the pie, so having them involved in financing a PGX deal will be important to greasing the money wheel.