RE:RE:The Covid connection. ..to PMX "Harder yet to fathom the absolute silence from management and those in governance about the crash in the stock price. Perhaps they were also busy buying on the cheap." -AP
Yes most often, with that level of decline you get a trading halt. Followed by a clarifying NR
I guess we have to assume that there was no justification for the sudden drop, since nothing was released by the Company?
Shake tree and Dabbleking, I'm sure, will advise us as to reason for the decline once they get over their obsession with a couple of posters.
In the meantime I'm leaning towards "unfortunate"SP price manipulation made possible by: company spokesperson's almost complete & utter silence (an untold story or one told with almost with zero sizzle), being on a very illiquid/ of the radar market especially for a Biotech company that will eventually serve the US ICU and HHD market, and ineffective IR and promotion on the part of the Company (where's Walden?) - until perhaps the point at which the endgame strategy is suddenly unveiled for the benefit of all ( and even then with no fanfare or flourish - except just value discovery)
This "shyness" phenomenon existed prior to the new CEOs appointment so I have to assume it's a continuing BOD preference. At the very least, they seem to have condoned it from multiple CEO's.
MM