Orex stock will either crater or soar under these 2 scenarios.
SCENARIO 1- If the FDA does not approve Contrave, Orex stock will go from 5.50 to 80 cents in minutes.
SCENARIO 2- If the FDA approves Contrave for distribution, Orex stock goes from 5 to 15 in minutes.
One side note, massive insider selling, 5 million shares, the last 2 weeks leads me to believe the FDA will not approve contrave making OREX stock worthless. Whomever this Powell guy is must not think Contrave will get approved or why else would he unload 4 million plus shares ????
nice try skippy, If you did any DD u would know that all powells trades are planned sales as he and his firm are one of the starters of this Co. He has started many biotech firms and has a strong track record. Now do a little DD and google him and you will find out what he is all about! 5 mill shares sold?????> WHEN its not hard to look up insider transactions to see thats an outright false statement! nice try