RE:RE:RE:Sad dayThis validation derisking Sernova is what will interest institutions but the difference between retail and
institutions
is they won't act emotionally and run the SP up to the moon they will do their research slowly scale in over time. It's not the market for a bunch of retail money to blindly pile in and we don't have the marketing outreach to overcome the macro forces at play. If this happened in Jan 2021 we would probably be at $5+. For the near term I would imagine there will be a continued consolidation as the retail that wanted a quick fix will move on leaving their position to new longs with some being institutional investors starting to onboard and eat a few 100mil of cheap retail shares before this gets pushed to higher valuations.
BioTeck wrote: And here within lies the problem. There isn't anyone who wants to accumulate a large position. Look at the house positions, you have the same couple houses slinging shares back and forth and closing with close to net 0 positions. The only people who have massive positions are legacy investors with massive positions they built in the pennies.
The simplest thing to do would be to get an institution to stack few million share bids in and let retailers sell and move on. Management can't get this kind of interest. Anyone who looks at the chart will not touch it with the wild swings that happen on a regular basis. No institution wants to buy on the market, they all want deals where they get cheap shares and warrants.
They should stop paying useless people and firms and use the funds to build big bid walls to stableize the share price incrementaly anytime they acheive a milestone
I'm doing the same thing as the culprits because if you can't beat them you join them. I sold over 100k today and bought it all back with net 0 change in my position and I'll continue to do the same until something changes. This is literally just a day trading stock until the nonsense ends.
Redbaron2211 wrote: The fact that most of the investors are retail would be a reason for this being manipulated. Now that Sernova been derisked there has never been a better time as some one who wants to accumalte a large positiong to scare and shake out as many shares as possible.