A few key panics I'm seeing online. And just a quick response to others I've seen talk about insider trading.
- Company Insiders are selling.
True
Yup, they are. And they will continue for the rest of this company's life. They will also eventually buy some as well. It gets scheduled quarterly. It's how companies work. Even Apple. Even Telsa.
But, something you need to understand was this has been planned since the beginning of February. Its common.
Here is that form from Feburary...
https://investors.zomedica.com/node/8536/html
Here is the website to look at all the Form 4's from today. Note the bottom green wording about Rule 10b5.
https://investors.zomedica.com/sec-filings
Here is that rule..
https://www.investopedia.com/terms/r/rule-10b5-1.asp
To conclude, this was just coincidence that they planned to sell their shares while we are in the middle of pretty ruthless selloff . They planned this months ago. I'm sure they were hoping for more but weren't we all. If they really were scammy, I'm sure Cohen could have put out some PR right before today to jump the price of his employees, but they didn't.
- Cartridges were sold out?
Maybe.
We can't confirm as to why they were off the Miller website yesterday. But, as of this afternoon, they are back. Would be very Bullish if they sold out though. Although maybe someone can confirm, wasn't there 5 of them? Now I only see 3 back so far.
https://millervet.shop/catalogsearch/result/?q=Truforma+
- Institutions are selling.
False.
Don't get me wrong, Institutions buy and sell all the time but from the discrepancy from the Fintel and Nasdaq, it seems like institutional buying is increasing especially at these prices. Somewhat hard to tell though because they only are required to report quarterly.
https://www.nasdaq.com/market-activity/stocks/zom/institutional-holdings
- A reverse split is imminent.
False.
A bear favorite. It would need to get approved by shareholders, and for which it has been voted against twice. However, a share buyback was approved and will likely happen at some point. The details are not completely clear as to when, but the cheaper the share the more likely the buyback.
At the end of the day, this period can suck. That said, everyone was begging for these prices again a month ago. Well here we are. Don't get twisted, no one knows where this is headed, it clearly seems manipulated by something stronger than retail buyers. Dropping 5-10% and barcoding for the rest of the day is not normal stock behavior. Because of that, I dont really think this has a floor anywhere in particular. It will be whenever the shorts change their narrative.
This isn't some post to convince you to buy Zom. I just think there is alot of negative sentiment and misleading information out there. For now, make your own decisions about Zomedica. Nothing about this company has changed other than they are guaranteed revenue for the first time.
Not financial advice but you already knew that.
Stay Strong ZomBelievers
To the those who don't like the stock. I'll see you in the next one. Thanks for reading.
Submitted April 13, 2021 at 08:44PM by AnonymousHippopotmus https://ift.tt/3g52T1e
