Jun. 3 at 6:55 PM
$MDNAF Today, market makers VIRT and OTCN are likely spoofing Medicenna. Both have 25k blocks on the ask of .69 and neither filled or did much to "encourage" sells.
What does this mean? They are creating a false sense of supply. Why? In my opinion, there is a buyer that wants shares and due to poor liquidity, it's impossible to fill any size without paying up.
We have price compression over many months now plus promising data w/ no negative news equals a compressed spring. Hence, VIRT and others try to create this phantom supply to scare up shares for the buyer. I would hold your shares. All imo.
Something's afoot.