One has to have some insight on the future here. This is what I think happens. This settles here for a little bit at cash value. They submit and talk with FDA. I think this runs up at somepoint as it is priced at cash. And the positive options are there. The FDA does not like compounding pharmacies. This is a better option. The Study was screwed up (maybe they want a further study). At this cost someone may buy the company for cheap and run a better trial. This is a steal in my opinion. One just has to have patience and have a plan in place. I bought in premarket and I bought more at 1.5. Good luck
Kitty, I made good decision and sold at/near highs. Now back to work on it with a lot more shares than before. The company was possibly selling stock via shelf and may have more cash than before. It is valued at 30mil now. and possibly has more cash than that. There are assets here and should be priced accordingly. I have been on the wrong side of these and wasn't able to take advantage. Today I am gobbling up shares. I'll see how this shakes out. My 4 blocks of CHTP turned out pretty well at near 20% gains, that made sense to me as does this.