Nano One is and has been a nightmare stock for shareholders. And now those investors attempting to exit this horror show of a stock are trapped since there is no demand for Nano One shares. Shareholders are posting large lots of shares for sale at these 52-week low share price levels and there is zero interest from buyers. This is ultimately driving the share price down further as investors flee.
Most long-term investors are now stuck holding Nano One stock and will need to wait this out and watch the value of their investment erode even further.
Worse yet is that Nano One management are actively being celebrated despite this historic share price collapse. So, with certainty we can expect nothing to change with Nano leadership. And since there will be no change to leadership, then no new investors in their right mind are going to show any interest in this stock.
It’s a vicious downward spiral.
Whether or not Nano One stock goes to zero is beside the point. This is in fact what a stock going to zero feels like.