throwaway11 wrote: Very interesting to see how this stock has behaved so far.
Seems to be almost no user activity on this forum and very few comments over 1 year period on Yahoo page. Not much retail fanfare.
Meanwhile, limited fanfare on Reddit with only one topic that is asking about the product itself and not just a post about the stock. Appears like nothing but stock bots mentioning it on Twitter.
So, this stock is extremely off people's radars.
So??? I am left to assume the volume spikes since Dec are either quiet or private/obscured retail groups. Or, they are even institutional and large private investors. Would that last group even buy the stock at this point because they were convinced it was a good investment?
That wouldn't make sense. The company has revenue growth but still made around half a million in their last fiscal year ending and is only making a few hundred thousand every quarter. With the recent NRs this stock has been priced to $68,000,000.
I assume any heavily moneyed retail investor or institution does not believe this stock is worth anywhere near what it has recently been bought up to close to NRs.
My personal view is that this is an attempt at coordinated manipulation - some kind of a Bull Trap set up by someone.
I would not touch this at this point.
throwaway11 wrote: So most of a year on, come back to this stock to see a fair sudden uptick. ~$150k of shares sold by institutions so far.
Not sure if I would invest in this based on what I am reading in the contents of share capital in their latest statements. The panago news is very good but I think the downside is big at $23m and all the paper described there.