As with all stocks, the shareprice and the Company itself are not the same thing.
The SP runs on sentiment, hype, chart, money flows in or out for shares, So mabe for the first Month some who got free shares or at seed price may take any price as its all profit. After they have gone its the IPO sellers that just want 10% and run. So all of those need to sell out before sellers dry up and then it can run with some Chart support.
None of that matters if the Company just does what it is expected for the first few months , then the SP should form a pattern and be traded based on its Chart,
Thats what seems to happen, from my assessment of just a small amount of stocks, so its pure blind guesswork. I have guessed well recently, but its just as likely to do the opposite of what I think.
14D Price at posting:
0.0¢ Sentiment: Hold Disclosure: Not Held
