This stock has been supressed at every positive announcement of late and you have to ask yourself... WHY? It seems to be "at any cost" i.e. don't pump it on a positive announcement so larger holders can exit or trade the hell out of it for handy profits. It's almost as if a couple of big funds have been given instructions to hammer it, so short covering can begin in earnest.
Many moons ago someone posted on HC a great post about how big pharmas suppress small biotechs' they have in their sights on, with ultimate goal of lowering the market cap so any takeover over seems like it is at a massive premium to the VWAP. As opposed to letting the fundamentals take their course and then having to pay a sizeable premium to a higher VWAP.
Is this the opportunity here to get set and then just be patient?
Not financial advice- please DYOR
IMU Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
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