Can anyone give an educated explanation what the PRX news means for the short term ACEL price? Getting funding of 5M, 30M, dubbel digit royalties seems to me that the stock price should move towards 5 bucks quickly.
This is just the start. Any day now they will announce the final "event" in the PIII. Then it will be less than a year to the FDA decision. Approval and this is worth $30/share. But most interesting is the short interest is VERY high. Last I saw it was at nearly 20 days to cover.DON'T SELL. This is a chance to stick it to the shorts.Enjoy.
Thanks for your insight! The shorts covering (even when it is < 2% of total stock) might indeed give a spike, like last year. Let's hope it will go into dubble digits.pipo