RGC has been receving tons of short and negativity in the market by negative naysayers. The company CEO (Mr Au) has been buying back of company shares worth 5 Million Dollars during this period. Regencell Bioscience Holdings (RGC: Nasdaq) is a an early-staged bioscience healthcare company focusing on R&D and commercilisation of Traditional Chinese Medicine (TCM) for the treatment of neurocognitive disorders and degenerations. The company has been recently been on an uptrend proving its resilience in volatile times, while contributed by its business industry : healthcare. Stock industry like Healthcare sector have proven with time that they are resilient towards market volatility and are highly favourable by institutional investors and fund managers. Despite being shorted heavily in the early months of Q2 22', the company stock has been on an upward trent despite the huge sell off in many markets sectors, predominantly in the growth stock and crypto market. https://www.morningstar.com/news/bu...ver-5-million-ordinary-share-purchases-by-ceo
Your first post. You must be the owner of RGC. You probably bought it at 47.5 There is simply too much garbage in your write-up. From Oct 2021, the volume has been relatively almost ZERO liquidity is very poor ! You are not an honest person. You did not show evidence of people shorting it heavily during the ALMOST ZERO VOLUME period. There is nothing evil about shortist. They hope to profit from shorting it. Similarly there is nothing evil about longist. They hope to profit from longing it. Please improve on your writeup. also always buy low. don't buy high. because it might not get higher. AND don't idol worship any CEOs !!!!!! Go do demo trading for a few more decades before you go live. And make sure you have a STOP LOSS in place.
I am guessing that traditional Chinese and Indian medicine are an over fished area for Western medical research. It will take a marketing powerhouse to make money or some kind of local consolidation in their home markets.
This is another garbage add about another garbage company. Like @Goldera user shared threads only about Anaconda Minning & look where did end up. CEO puts in the money because #1. Hes pretends to be an idiot (actually he knows that it will make retailers to ,,trust" more ) #2. No professionals wants to touch it.
Less than 1% of the float is short and short interest has been dropping a bit recently. 6 hours at average daily volume would cover the entire short interest. There's barely 1,000 to 2,000 shares that can be borrowed right now. Can you explain why the short interest is of interest to you? It seems irrelevant.
FALSE Shareholder’s Loan On July 20, 2021, 342,105 ordinary shares were issued to Mr. Yat-Gai Au upon the automatic conversion of $3,250,000 principal amount of the shareholder’s loan under the conversion note that we issued to Mr. Yat-Gai Au at a price of $9.50 per share, the same price as the offering price per Ordinary Shares issued in the IPO. The remaining balance was settled with IPO proceeds in August 2021. How in the world does this stock trade on the nasdaq at $42/share? 1/2 Billion plus, USD, in market-cap. Zero revenue. I can't figure this one out, but I wouldn't touch it. That is nothing but a pure short squeeze. How high it will go is anyone's guess, but from what I can see, this thing is a penny stock. A sub-penny stock. It's stuff like this that gives the markets in general a bad reputation. Where's the SEC? Where's nasdaq? In case anyone's bored: https://app.quotemedia.com/data/dow...e+Act+of+1934&dateFiled=2022-06-02&CK=1829667 ...Unless I'm missing something here, check back in a year and this thing will be worth a few dimes/share.
That's kinda what happens when a stock that's not worth the paper its written on starts at $22 and doubles in less than 25 trading sessions. ... just sayin' EDIT: This is my new favorite stock to watch. Thanks OP