The whole 3D Space is moving up and ONVO is just moving up with it,. To me its about the KOL or some other independent entity that validates the technology beyond entering into research collaborations.
I suspect that the impending listing on three of the Russell Indexes would account for much of this. Being listed on the Russell 3000, the Global and the Microcap indexes would suggest an increase in institutional holdings. The preliminary addition of ONVO to the indexes was on the 13th, and the listings will be updated and formalized on the 20th. The actual reconstitution of the indexes should be complete by the close of business on the 27th. This should be a long term value change, though not a big change. The larger change will be on the delivery of product to market, of course. The PPS might dip shortly after the reconstitution - a common phenomenon after being included on an index owing to shorter term traders acknowledging that the quick price hike is over, and they move on to other short term trades.
$6.50 to $7.50 is ok with me. I continue to buy at the end of every month if it is close to $6.50. It will take a grand bit of happy good news to break past the $8 concrete wall but once it does there is not much else until $12's +++ A positive KOL report will certainly push ONVO to breathtaking new highs...my humble opinion is $18+++++ Good sales contracts and new partnership news it will push to $14ish. For ONVO to hold at these highs it needs a good KOL, great sales revenue and added partnerships. Once established the buy-out bidding war begins. I predict close to a 18 Billion market cap between Roche, Cell T and a few other big pharmas. Yes a buy-out at around and estimated $250to $300 PPS!!!! ONVO is by far my most favorite company on the exchange. They always make goals and always keep us investors informed.
Folks still don't understand everything thats going to happen with this company! Its far beyond production of liver assay only. Just do a little bit of research on everything ONVO will offer in the next 2 - 3 years! No, I am not talking about replacement organs either. $250 - $300 PPS is realistic in 3 years in my opinion too! I will keep accumulating under $15 PPS.