There’s simply no liquidity left. From 5.61 to 0.33 that’s 17x depreciation. 20m shares traded at at price 18 months ago. Divide 17. Only worth around 1m. Out of that 1m liquidity maybe 500k have changed hands.
500k liquidity left might seem like a lot. But it’s not if there is material newsflow.
Also you have to have 500k willing sellers at this price.
Even then you are barely a sub holder.
Any other stock you can be a sub holder by maybe increasing the stock by 5%. This stock theres the last 6k sell order. Looks like a lot. Sellers running out of gas. Buyers all hiding in the shadows.
Don’t sell until at least 20x up. Even then it’s only barely 180m market cap. Peanuts if sales improve and balance sheet improves…
There’s simply no liquidity left. From 5.61 to 0.33 that’s 17x...
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