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Medgenics, Inc. Message Board

  • wiboth23 wiboth23 Feb 8, 2013 2:51 PM Flag

    once the shares transfer from weak hands to stronger

    which is in the process of happening, the stock should appreciate nicely...right now i'm sure some of the investors in the offering are selling a portion of their shares to free up some money and keeping the warrants as a play...this should dry up shortly..the volume is already over 1 mm - and clearly not everyone is doing this...then it's an easy move to 7 imo....remember, nothing fundamentally with the co has changed - except now they have 30mm and financing prob. out of the way...if any warrants get converted they may not need another offering next year.
    Also , many things could move this ...insider buying, a partnership, a recommendation (now that the offering is out of the way), a positive outcome from trials etc....so my feelling is the bottom is in...with a mkt cap under 100mm and cash of 30 million, i can't see a better play out there......be patient as the next few days play out...GLTA

 
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