RE:RE:Bought moreMyharleybike wrote: I'd feel alot better if insiders were buying on the open market. They are picking up options at a nickel. Wouldn't you. They are sitting on the sell button, just like us.
Exactly. Guess who will be holding the bag in the end? I'm sure they're all exercising and selling.
Take a look at the companies Jeff Stevens has pumped and been involved with over the last several years. He's a pump and dump artist that tries to capitalize on the trends in the market without having any solid businesses.
DM was AI to start with a legit product, then quickly tried to capitalize on crypto/blockchain with the Ronin all stock acquisition, which failed miserably. Grpah Blockchain was spun out to it's own public company. It was building blockchain solutions for companies, but has now pivoted to only building something for the pyschedelics market.
Revive Therapeutics is another one. Was all about marijuana, which is has now pivoted to pyschedelics. Not to mention a lot of the same people are involved in all of these ventures. Michael Frank was running Ronin and since that failed, he's now running Revive. Not quite sure how you take a guy to run a crypto/blockchain company to go run a company that's now pivoted to pyschedelics.
Can only pivot a company so many times before it goes bankrupt, which is where a lot of these are headed.