You made a very bearish post with a focus on the movements of short sellers. Then you posted the actual number of shorts which is absolutely minuscule, basically proving yourself wrong. Weird.
You mention volume is weak whereas it's actually been fine since FDA approval. It's also ticked up the past two days. One look at OBV and you can see there has not been significant selling. The drying up of volume after the FDA announcement and subsequent retracement is an accumulation indicator.
You've overstated SOI by 110 million.
You refer to 2016 like the company is the same back then as it is now. EIQ wasn't actually born until July 2021 (acquisition) when the share price was 10c.
You've made no mention of the fundamental goals the company has been kicking as of late, nor any potential impending announcements to do with partnerships and first revenue.
You refer to the finances of the company as 'unsustainable' but fail to mention their cap raise in September providing 12-18 months runway.
You're entitled to your views sure, but when you've views are whack you're going to get called out.
EIQ Price at posting:
26.0¢ Sentiment: Hold Disclosure: Held
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