|Yeah, I sold all my ITEK at $1.40, should have hung on. I don't know how it's aanything more than a speculative biotech now. And......I'm not 100% sure I understand it correctly, but if ITEK shareholders are only going to get 20% of the new company, and ITEK's market cap now is now $46 million, it means the new biotech is worth $230 million, right?|
I suppose that's possible, but you'd have to understand the potential of the drugs they are researching. Who knows?
I still own all my GRVY as well. I doubt that one is going up due to a short squeeze. I'll bet after so many years of trading around $3, and such an illiquid stock, that you've just got a few buyers and no sellers, and since no one is selling (is there really a big difference between $20 and $25 and $30 when they shares were $3.50 for years??), a few buyers can push the price up quickly. Maybe the online games are trending well somewhere, someone knows about it, and no one is selling because......the rest of us haven't got a clue what's going on with this strange company.
Short interest on GRVY is a whopping 62,000 shares!