Quote:
Originally Posted by Orruar
[You must be logged in to view images. Log in or Register.]
Which is why the institutional ownership of this stock is 0%? Do you know how to read financial reports? I'd suggest taking a look at their financials, it's not pretty. I'd also suggest you cash out with your big payday now. The stock can't go all that high, considering that even if this ends up being the cure for cancer, they'll have to issue a buttload of new shares to raise the capital necessary to cash in on their discovery.
|
Orruar I highly doubt they will go the route of dilution. Much more probable is obtaining partnership if this is proven valid.
Time will tell. I know I'm up 5k and freerolling 40k shares atm; whats the harm in me sitting a while and waiting for the biopsy results?
Yes I've taken a look at their financial statements. Many small cap pharm/medical companies are in the same boat until they come up with one winning product or idea. Take a look at Jazz Pharm. It was as low as .10 cents 3 years ago in 2009. Its a $46 a share stock now.
I know that CBIS recently hired several new full time employees. I know they have phenomenal potential and obviously people are willing to invest in their company and product (100 million shares traded yesterday; 40 million so far today).
As to the institutional ownership - you know as well as I do the vast majority of hedge funds and institutions will not invest in any company under 1.00; most even go so far as to set a 5.00 cap.
What figures are you looking at from the most recent institutional holdings? When I look at the NASDAQ site yes, you're right it lists none - along with no other holders of the stock. You know share ownership for stocks that are under .10 is almost never properly accounted for let alone one that was recently at .009 -
http://www.nasdaq.com/symbol/cbis/in...ional-holdings
http://www.nasdaq.com/symbol/cbis/ownership-summary
Notice it lists no one owning any shares.
I've watched 3 and 4 million buys hit at .20 the last couple of days. Who else but an institution or hedge manager drops 800k on a single stock? Some funds/institutions do invest in penny stocks but the majority do not. What else can I say.
If you look at the 50 dma its forming a cross around .164 that I can see. That seems to be the current resistance from this point forward.
Until we get further news - like the biopsy results. Then it wouldn't surprise me to see another 60-70% day like yesterday. And the day before that.