Simple. They are brilliant. Brilliant at turning nothing in to something. Started out as a animal testing unit with basic genetic services, and by hook or crook, ended up with brevagen for a song and the rights to non-coding DNA, which turned out to be a gold mine. Thats foresight, risk and reward. They are now a viable company with a bright future. And as to why they halted, who knows, but givin their track record on the chessboard, you can bet it is in their, and our, best interest. Have a litlle faith, they deserve it. The same people were whining when it dropped to 5, and look at it now.
lol, exactly...theres a million of them. throw a rock and youll hit one of these..personaly even if there is a spike on thursday im not gonna cover.this will come down and im not talking a little, its gonna be in penny land by years end.
yes i agree and let me add that obtaining this tech "for a song" wasnt because of their shrewd negotiating ability...it was because they were buying a useless product. an american company originally created it and went bell up. they bough this at a garage sale and they are just milking it for all its worth and its already overvalued. you are 100 percent correct that there is no market for an expensive test that test for a possible risk..thats just plain stupid. its a curio item, thats it.
The check is in the mail, I won't come in......yada yada
A bird in the hand is worth two in the bush. This is business and I do not fork around with big drawdowns and faith in anyone. These people may be doing great things, but they have yet to turn a profit and are burning cash.