RE:Someone can turn on my lights!Hi jjnard26,
Interesting times for Biosenta.
I agree that the recent news releases were positive steps forward, I was especially happy to see the partnership with U of C and AMPAK. Great potential there.
Here's why there's no material SP improvement - no revenue.
Until actual sales or POs are announced, no one is paying any attention.
As to why the SP went down materially over the last 2 days, a trader via TD is trying to dump a large amount of shares ... yesterday they set a sell price of $0.36 [despite trades at $0.49 on Fri] for about 70,000 shares (BTW, yesterday 54,000 shares were traded TD to TD, mmm?). Today, they set a sell price of $0.35 for more than 20,000 shares.
Not enough demand for shares means the SP is basically at the whim of the active few, right now. As I said ealier, revenue/sales/orders will attract attention of more buyers and, hopefully, drive the share price up.