RE:Insiders Selling"Of the 82,000,000 traded today 48,000,000 by Anonymous. Got caught in this POS!!! "
Exactly. Thanks for posting that. Insiders and PP holders selling at 5, 6 and 7 cents. You gotta ask yourself if the insiders themselves don't have the confidence to hold the shares why would anyone else?
Yes, it's an exciting story; millions of test kits needed for a worldwide health emergency and we got 'em!
Consider these factors;
Small Canadian penny-stock company selling Chinese test kits to the USA up against known US companies selling their own kits - who's going to come out on top of that battle for market share?
Complaints about reliability of said test kits - see National Post article.
Massive selling by insiders for a few pennies when any measure of likely success should represent a much higher price.
Don't label me as a basher until you look at my profile; been a member for 10 years and my posting history is clearly - not a basher.
I bought some shares last week and quite a few more this morning (fill at .07) - sold about an hour later when I saw the market getting literally flooded with insider shares and got out at .06. I see this was not a mistake - getting out I mean. Buying them in the first place most definitely was a mistake but I got sucked in with the story.