[UPDATE: Now Down ~28% @ Lunchtime!] QCLC Stock Down Almost 20%, Since Shkreli Was Named As A “Strategic” Advisor… Grin.

Here on Wednesday morning — the stock has fallen another nearly 5%, after losing ~13% in yesterday’s session.

The day before the announcement, it had traded as high as $7.93 on the NASDAQ, and it now sits at $6.28, as I write this at 9:45 am Eastern. I guess savvy capitalists realize Martin Shkreli’s “advice” may (once again) include felonious behavior — and that rarely works out well, for the company involved. Here’s the financial rag’s story, from yesterday:

…Shares of Q/C Technologies, Inc. (QCLS) crashed over 13% in volatile trading on Tuesday, after the company appointed Martin Shkreli as a strategic advisor.

Earlier in the session, QCLS had climbed more than 11%. However, trading was twice halted within the first 15 minutes of the market opening….

Yep — do be careful out there. It all comes with a sincere H/T, to my SEC visitors as of 8:30 am Eastern. Do take a look folks! Onward, grinning.

नमस्ते