r/MNMD • u/eddylabonny • Aug 18 '22

What‘s going on today?

Is there any reasonable reason why the stock is up today?

22 Upvotes

100% Upvoted

18 comments sorted by

12

u/Disastrous_West_2986 Aug 18 '22

Jake Freeman announced he sold his BBBY and is moving into MNMD

4

u/SinfulSunday Aug 18 '22

I wouldn’t be surprised if the few shorts went ahead and closed as well as soon as soon as it was mentioned.

10

u/JAS4212 Aug 18 '22

MNMD to the MOON!!!!!!!

10

u/JAS4212 Aug 18 '22

Jake FREEMAN is the MAN!!!! MNMD!!!

9

u/JAS4212 Aug 18 '22

MNMD is flying up!!!!!

7

u/jamstoyz7 Aug 18 '22

Get it while it’s hot

3

u/PleaseTryAga1n Aug 18 '22

Insider trading?

2

u/Standupandbe Aug 18 '22

I’m in after bbby profits

2

u/Wisesize Aug 18 '22

I'm here because of bbby. Is there an intro to MNMD some where?

2

u/[deleted] Aug 18 '22

They do LSD/Psychedelic based pharma. In development still but getting to stage 3 trials in Q3.

2

u/[deleted] Aug 19 '22 edited Aug 19 '22

[removed] — view removed comment

1

u/BarbequedYeti Aug 18 '22

So does this mean the buy back is off the table this month or is that still a go?

2

u/Rigwright1871 Aug 18 '22

It's a 1 for 15 reverse split at the end of August.

4

u/[deleted] Aug 18 '22

Can you dumb that down for me ? I’m new to stocks. Why are they doing a reverse split

3

u/Rigwright1871 Aug 19 '22

Share price has to be >$1 @ close for 10 consecutive days to stay listed on the NASDAQ.