Lately it seems like SA has been desperate to promote ONVO, coming out with an article containing the same information just about every day. Every time they do, the stock takes a hit. Now when they actually have real news, the market doesn't even seem to care. Investors are scared ****less of pump-n-dump schemes and every time SA attempts to further validate the company, it just comes off as a pumping ploy and scares the money away. Although I greatly appreciate the shared enthusiasm for ONVO, maybe they should stop making all these new articles?
Why significant drop in pps today? I don't get it with the recent news and almost 20 days of $2.50. Maybe it's just cause of the whole 3d sector. Another good entry point though before pre-Nasdaq runup.
Those who fear a pump n dump need to see the recent developments ONVO has taken part in. For example, in the last month ONVO has established two collaborations. One with the leader in 3D printing software- Autodesk. The other with a national leading research institution for cancer treatments- Knight Cancer Institute. These two steps are both validation that the company has a technology with more than just potential. It works.
Meanwhile, management has made a clear attempt to clean it's balance sheet by calling warrant holders with outstanding warrants. This has been done for the clear vision of one day enlisting in a more reputable exchange. Obviously, with greater visibility, the Nasdaq offers companies like ONVO a wide range of exposure to bigger players who are able to throw large sums of money around.
Pump n dumps are created based on hype, rumors and noise traders. Organovo's recent surge has been backed up by consistent news. There is a very crystal clear distinction between the two.
SeekingAlpha articles should be taken with a grain of salt. Don't base your investment ideas on others' opinion. The more articles there are out there, the greater exposure this company receives.
Very well said and I agree with you completely and really see the potential here. I was just addressing the criticisms of SA (and MF to lesser extent) for promoting the stock beyond just announcing new developments. I was one of the investors caught last year buying in at upper $4's to get a great gain, but then a sudden and devestating loss. SA was definitely involved with the way that happened, and I don't want the same thing to happen now after they have made significant develops.