NO DUMP JUST SELLING!!!There’s no dump here but there is 2 types of investors buying and selling the stock
1) Ones that invested in the failed RTO are piggy backing off the work of the company’s progress. If you’ve actually watched the stock there is mass selling going on once news is released and to me this isn’t a coincidence. Clearly it shows how prior investors are selling off to make their money back from that 60% loss
2) Investors like myself that actually believe in the company and have been buying all the way up. I just added to the lot at .31
As for performance you have to keep in mind the company just recently announced it was pivoting into healthcare and has already:
- · Received license (6711) by Health Canada which will allow them to import Class III medical devices and distribute them within Canada.
- · signing a distribution agreement with a top 10 multi-national pharma and diagnostics company
- Received a purchase order for $350,000 from a client. This client is a servicing company in the home care market with over 20,000 patients
We cannot discount the news because every time there is progress made, it is unfortunate that heavy selling occurs. Investors also have to keep in mind that the company’s burn is about 700k/year with 1.5mm on hand along with the 350k order they have a run rate of about 2 years. This also doesn’t take into consideration any new purchase orders which are more than likely to occur.
Moseda is successfully helping healthcare companies’ lower costs and their products are actually going to be helping patients. If this was a dump individuals such as Sameent Kanade a tenured technology investment banker would not be joining their board. Lastly investors need to do their due diligence and look at the fundamentals.