We've seen this pattern happen a few times with IOU....

We've seen this pattern happen a few times with IOU. Overwhelming expectations of an announcement and a subsequent dump when those expectations aren't met. The volume on Friday was quite large I think as we get closer to the 31st the expectations grow larger and larger.

I mentioned after the release of the operational update that I rarely see these kinds of things happen on time and I think it was Stig that questioned more recently if it would be delayed because of the fresh lockdowns. I don't know either way but I do know there will be a massive dump if there's no approvals by the 31st.

The volatility is loved by traders but long term holders will only watch their wealth surge and contract so many times before patience will wear thin. I'm still of the belief there will be an announcement of some description this week. I've been fortunate enough to trade and invest so the volatility is bittersweet.