It might be shares are getting scarce. Consider we've got a very low market cap stock that MAY still have a viable treatment for lung cancer and many other cancers (since Merck has mentioned notable responder GROUPS)... And ONTY has a fully owned next gen version that's surely better... Not to mention a very interesting PI-3K candidate.
Surely any stock holders that wanted out, are out by now. Meanwhile, we have a glimmer of hope, dare I say possible big catalyst? Yes it might take more time to bring BLP-25 to market, BUT if Wall Street gets a whiff that certain HLA types are STRONG responders, we could sling shot to $7, $8, $9, $10? Higher? Think re-validation of ONT-10 as well.
I know we've got at least one dedicated single large individual shareholder, and I think some institutions that have been loading up... In this price range you really do get a lot more shares per dollar... Meanwhile, I don't know the size of the short position these days. But I do know that sometimes when a stock is compressed, and there's nothing but AWEFULL sentiment priced in, it's possible to see a gargantuan move on good news.
Sheesh, I think I just talked myself into buying more. Yikes!
Caster some info on stock under Key Statistics....like your optimistic outlook.....I too have hope since I still hold a sizeable number of shares for many years......thus missing out or not pulling the tigger in the past on selling opportunities.......its a longshot but not impossible. Tom
Avg Vol (3 month):
Avg Vol (10 day):
% Held by Insiders:
% Held by Institutions:
Shares Short (as of Mar 15, 2013):
Short Ratio (as of Mar 15, 2013):
Short % of Float (as of Mar 15, 2013):
Shares Short (prior month):