NASDAQ better hold off on CPRX's compliance with the minimum bid
This is a shell company.....study how this stock has traded over the past 5 years......hype run-up followed by the crash (follow-on offering, trail failure, etc). The stock has peaked and will continue it's slide downwards as new momentum investors quickly realize that ANY product and/or revenue is a long, long way off, if ever.
What hype run up? I haven't heard any hype. This stock went up on its own. The nearest catalyst I see is early 2014. Is the hype regaining its compliance? That is the worst hype ever then. You will see real hype when 115 knocks the trial out of the water.
Really? How come Catalyst doesnt have any revenue then? Firdapse is still in Phase III trials....even if these trials wrapped tomorrow as a success, it would be at least 1 year before this drug would hit the market. How exactly does a firm with no revenue and a cash cushion that runs out in Q1 2014 stay in business in 2015 absent yet another share offering? Exactly.