Because of the wash sale rule. For anyone risking it, ASM (imo only, not advice) is luckily pretty slow moving so it's a valid option here. But you need to wait 31 days between settlement of a capital loss sale and repurchasing the same share again for the capital losses to be valid. In general, and particularly with speculative stocks, a lot of investors aren't willing to risk that time out of market in case some sort of positive news drops in the interim.
ASM Price at posting:
$1.22 Sentiment: Buy Disclosure: Held
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