- nothing in the announcement seemed new and the dates and strength of their proprietary IP were vague and all looked like old news known to the market for at least a number of months,
coupled with
- the trading activity at the start looking like a well orchestrated pump associated with a news release and this was bourn out for most of the morning session until the market making succeeded and retail traders started jumping on the band wagon
- the announcement indicates that they are not unique and similar tests already exist
Happy to be corrected, but the whole thing looks pretty sus to me...
That being said a $35m market cap is probably reasonable for this stage of proceedings...
PIQ Price at posting:
71.0¢ Sentiment: None Disclosure: Not Held
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