Why no big rise? but it will come24 Mar 2023 13:40
I am a little surprised that any blue today was quickly eroded by a number of big sellers. This has been the common story for the last many years and was only really broken in January when we had huge expectations that Feb would be the IND submission.
The reason is simples. The trust in vlad is very limited. The trust in the science is very high. Nevertheless, until we either get a bunch of new big investors or get rid of the traders / shorters that are here to ensure this stock stays low, it will be the case. Everytime there has been a rise, we have had a spiral death finance or sudden placing and this has created a lot of anger and distrust with investors. That is why this is below the placing price ... since apart from LTHs who are staying put there are very few new buyers out there and will not be I feel until IND is RNSs and we are on the move towards FDA approval.
I do also think these people who are waiting by the sidelines are risking missing out like they did in January. We are now virtually 100% that IND will be submitted in days / weeks and approved max in 30 days so end April latest. What are people waiting for ... to buy when it is 2.5p or 3p or do they think there is a sudden placing or raise coming or bad news. That may have been the case before but ALL THE NEGATIVES HAVE GONE and we are now in that phase where those people who want to make money, will be buying in soon and this will rise. I know this is obvious to many but for those new investors, this is a great time to build some stock prior to that big rerate