LordWorld
$CVRX My take: a large 3-day presentation/event could have required roughly $350K–$400K in cash. With CVRx needing to preserve cash, they may have used the ATM and sold ~150K–200K shares instead of funding it directly from cash. That could explain the sharp selloff on Sept. 30. Once $2.50 and then $2.00 broke, stop-losses and forced selling likely accelerated the move. The market was already fragile after weeks of negative sentiment, turning the drop into panic selling (-35%).
Oct. 1 continued the selloff, but less violently — like aftershocks following an earthquake. Today the market looks a bit calmer.
I expect a recovery toward $2 next week. If Chernett files that he increased his stake even 1% — and he could potentially go much higher, possibly toward 10% — that could materially improve sentiment. At $1.55, increasing his position would also significantly lower his average cost.
If that happens before the presentation, a move back toward $2.30–$2.50 is possible.
Oct. 11
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