YMI is now trading for about half their cash value. If they had any hope of developing either of their drugs would this be the case? Right now the street seems to be saying this company is dead. The last time they were at a $1.00 was July 2008. Is Delisting the next big news???
They should drop developing drugs and put the cash into gold at the current price of 800 per oz... The company would then be worth $1 per share and if gold went back to $1000 the shares would be worth $1.25.... Seems attractive with the shares trading at 57 cents...
I have been buying due to the discount to the cash... and the low burn rate... Is the company going to do anything to make others purchase shares?
I think because the company missed the boat with this drug the company will go out![ most people are saying this] I don't know for sure, the target was a big guess if the drug came thru. I can't imagine it will ever get that high.This was a bad gamble1