RE:107,180,807 million shares traded since June 18 This means that almost 54 million shares were traded over this 14.4 cent average.
The outstanding float is 84 million. So, it looks like many who bought low sold on the strength of this spike and are either out of the stock completely, or have repurchased to buy the dip on the swing trade low and now hold more than they did before.
Some shareholders
are merely holding onto their core position which now costs them nothing for the long haul and the next super spike which could drive the price much higher based upon positive phase one trial results coming in July for Oral B Amphotericin.
Is it a mistake to think that 54 million shares were purchased at prices over 14.4 cents, because for every seller there is a buyer?
If this is correct, then 14.4 cents ought to be the brand new base of support, but we closed below that today. Undervalued given what's in the pipeline!