Interesting how sentiment in these threads change daily. Much like price action.
Let us for a minute put current sentiment sp etc aside. Lets also tuck yakovs escrowed 190 + million shares away.
Now lets focus on possibilities as to why Yakov spent almost 300k to purchase more GMV. Investor confidence? Really?
FYI on June 13th Yakov bought 433,000 shares at $64,912 (about 15 cents)
Currently worth about $145,000
The chart will show that share price didnt start to move until July 28th. Quite a few investors jumped ship in that month and missed the run to 50 cents
Although GMV was a 20 cent IPO, the 52 week low is 13 cents.
Seriousely why would Yakov care if investor A sold at 23 cents to investor B who will sell at 35 for Christmas rush or to pay off loans, jump on bitcoin, another stock etc.
Many traders paid a premium price for GMV and maybe some lost faith and cutting losses etc and there are over 310 mill(30 mill = <10% for recent cap raise) shares not 110 mill.
A big chunk of us have been holding for a while now and we endured months of sp below ipo and still here because we could see the future at the end of the tunnel. Some of us have even been topping up along the way.
We are much much closer now in the evolution of the G-Medical era.
In fact we have enough approvals to begin supplying Prizma. We have a factory that has been producing it for about 1 month.
We have 20 mill cash, a few call centres and of course there are the mou's and supply agreements.
No need for patience, just a little logic and a tingle of excitement in anticipation of what your portfolio will be worth in a few more months.
If you sell in fear tomorrow or anytime soon because you hit a stop loss then ciao.
As always DYOR
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