Just my thoughts but if you look at the sell stack its presently loaded with sells in the hundreds of thousands up until the 17 cent mark... So what does this mean - The raise last year was at .17 + a one for 10 deal if I'm not mistaken. This give anyone who got involved a buy price of 0.153.
Around 227m shares were issued in the last 12 months and the volume from the cap raise 2a to yesterday is 239m.
The comments around continuous volume at 4-5m shares traded per day are not accurate. Average daily volume for the last 12 months is circa 930k shares per day and in the last month around 1.1m - so a good increase. Capturing the last 6 days average is up to 2.5m per day, again a good increase but a long way shy of 5m.
Looking at trading patterns for others stocks IMO there's nothing to suggest any major accumulation, just a lot of punters who know that the share owes them around .15 and they are ready to move on. So why no meteoric movement? - SOI - theres a lot so news needs to eclipse other options to get the masses excited. - Winning in primates is good but the punters want to see human stuff underway - Many have tried and failed in this space so from an investor perspective is this moonshot just a little too risky? - There is no marketing to speak of - I personally agree with this strategy however the reality is everyone who smashes SP growth markets relentlessly even paying for a lot of it. Unfortunately the market has evolved (eroded?) to this and without it the time for SP appreciation will increase.
As I said just capturing some of my thoughts and not a knock on others opinions, I wanted them to be right but I'm struggling to find facts supporting some of what is being conveyed. Hopefully I am wrong and others are right I reluctantly think they need marketing, a lot of it.
Given they now have an US office, lots more staff etc (I think cash burn is around $5.5m / qtr), do people feel PYC will raise for human trials? Be great if you all could punch holes in the above if you have varying opinions.
GLTAH & DYOR
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PYC Price at posting:
15.5¢ Sentiment: None Disclosure: Held
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I reluctantly think they need marketing, a lot of it.
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