Thats a good point. The average day over the past month sees around 1-4m volume traded with odd day being significantly higher. So if 14.4m are dropped on one day without news to counter balance the SP would surely drop to 2.5c or lower perhaps? The other scenario is that they're offloaded over the next 6 weeks with a few 100k per day or somethinf like that which would create an imbalanced downward pressure and more of a slow burn down to sub 3c in any case. Good option to average down for folks like me.
I am a LTH and came here for halucinex. Big things happening in the psychedelic space for mental health and seeing approvals over here in Canada for doctors to prescribe with approval. Additionally, halucinex is only one of three right now with active trials in Canada for Psilocybin, and the only one for PTSD. Yet to be seen what a positive announcement would do to the SP given how many "positive" ones are released for PO's in the sub 1mil range etc etc.
CPH Price at posting:
3.1¢ Sentiment: Hold Disclosure: Held
