@BBInvestorClub I agree- another way to think about it, where is the flow going, who owns the stock and who does not. Who has to buy as the company keeps growing. Who is not selling as the stock goes up. As per@Twodogs196 with a 300M+ some market funds can buy now. As the stock price increases IPD will get reinstated to S&P indexes etc. ETFs, other index funds and health based funds will have to buy and as the market cap gets bigger, they will have to buy more. The same will happen as the company financials get better that will tick some funds boxes and allow those funds to buy. We know half the stock is owned by sophisticated/private investors, which may lock up half the float 1B shares waiting for the cream. 1.5B shares have been issued since 2019, these are now in the money so there will be some relief selling then remorse and buying back.
T-2 for non surprise announcement of 80% coverage. also an opportunity for those that want to book some profits on any spike. If the share price has a VWAP above 0.21ish for 5 days, RV will get his first performance grant of 5M shares.
Kind regards Acclivity.
IPD Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
so there will be some relief selling then remorse
and buying back
.
