RE:I want to know WHY....Similar to the previous post - someone who bought a milion or two shares at $0.20 is tripling their money right now. Perhaps to move on to something new? Maybe they are buying a house? Kids needs braces? Lots of reasons to sell a stock and traders aren't the most rational people sometimes... :)
Probably not day traders as thin volume every day was mentioned.
Stock isn't that well known yet as far as I can see. Not a "household" name although probably getting better as time goes on with the new deals signed and them actually putting their name on the RED brand (whitebrand?) products that they ship out. So you are kind of stuck with the numbers that are put out every quarter.
All in all - the stock is up around 100% since this time last year. If it doe sthat every year (pipe dream I know) and you are patient, you can make good money. This isn''t a stock to be buying in and out of (I don't think) because the volume is just too low, and the gains are not large enough in the spikes to be able to have any sense of timing.
I hate to say that at $0.60 this is a long term hold but management seems to be doing a good job growing in the area of their expertise. If by some act of God Kinlytic actually pans out that will give the stock a boost and raise it to a new trading range.
I think this will eventually get to the $2 level, but woudln't expect it to happen in the next few quarters - although VTM will help out earnings quite a bit in the near term (next couple of quarters)- it all depends on how the company adapts to the "new reality" of fallout from the pandemic, and whether they can capitalize on it or not. If you think Groome is the guy to do that, then buy and hang on and treat it like something sitting in a mutaul fund for the long term growth. He's fairly smooth tounged and talks a good game, and looks like he is delivering on what he has promised, so maybe he is the guy!
I am long MBX and have held on for a few years. Have felt like selling a few times but the Camreon comes on and tells me how great things are going and I decide to wait "just a bit longer.. :)"
GLTA