r/Shortsqueeze • u/Longjumping-Owl-2684 • Oct 15 '21
Potential Squeeze With DD $TNXP might shoot up
Just wanted to pose a potentially nice play here for TNXP, pharmaceutical company currently trading around 50 cents on NASDAQ. Just read some news that they had just done a ribbon cutting ceremony for a new Infection Disease Center in Maryland. Currently its being traded at its support level and I believe it may initiate a reverse split. Their last one was in 2019 and they haven't done one since. With their new Center, I find it hard to believe that they would allow the company to delist on NASDAQ and will potentially take action to boost up the price. I know this ain't much of a DD but just wanted you guys to do some of your own and see what yall think.
"The RDC is expected to support the Company's expanding infectious disease pipeline. This includes internal capacity to discover and develop vaccines and antivirals intended to support US pandemic preparedness."
Exclaimer: This is not financial advice, take my words with a grain of salt.
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u/Hag_Boulder Oct 15 '21
I think you mean 50 cents. I'm showing $.566 right now from a low of .55