SellingToday was largest volume I have seen in past month and actually first day to see slight change in trading pattern. Generally it opens higher at open as it did today then the same nefarious sellers come in and knock it down through the day and late afternoon walk it up with surge at the last 30 minutes but it failed today.
I feel nothing to be concerned with as they tried but it hit some resistance.
Here is what is very interesting in my opinion, at $5 this stock become margin applicable at 25%. If they uplist to TSX or Nasdaq it immediately qualifies at 50% if over $3.
I see numerous posts outlining key positive point but often left out is Canadian government provided $6.8M towards phase 2, I would not be surprised that Feds foot the bill for Phase 3 100%, saving Arch $50M dilution, that is huge.
62% of stock is held by insiders, do you see them selling? The answer is No, so why would you?
I personally own 500,000 shares so not sure what that is percentage wise, roughly 1% and I am not even close to selling.
This is going much higher, CEO busy lining up university hospitals to participate in phase 3 and chatting up
institutional investors. Priority is TSX and US listing and getting big US Institutional Investors interested.