Does anyone know who is selling?
For every buyer there is a seller. And the question always is who is on the other side of the trade.
Too often in small caps, it’s a retail investor who is buying as things go up, and gets sucked in by all the hype , and takes the loss.
jopatcho has been pumping hard and says institutions are buying in but hasn't provided a shred of evidence for these claims, amongst others.
I have no idea if the stock will be the ~1% of small caps that actually does something, nor does the data allow me to say that, given there have been zero sales on the last two financials and the only revenue is from financing and dilutions.
I can say I don't know.
I say based on data-I definitely can't confirm all these wild heavily forward looking statements.
It always sparks my interest, when a company spends so much on promotion (promotional videos, promotional articles, paying companies to bring “awareness” ) compared to business development, especially when they have no revenue.
So let's see