you know that have 1.60 per share of cash after debt deduction. it is mind boggling why they trading near one dollar. wall street at its best
We're you sarcastic with your question? 10 to 1, so we will have 5 mln shares float. Sounds about right. Are you buying 100,000 shares like you promised?
To add to my post buying blocks of 5000 shares can give you 1000 dollars profit. Look at historical prices and you can find these moves with no news from the company
this company at these levels doesn't need news to move 20% in any direction. Assuming THAT IT IS PRETTY MUCH BOTTOMED. It can move up 20 to 30 cents in any given day. I see it as a trading opportunity while waiting for any development
I thought it was going to be worse. I don't think it will go down to 1.20. I think it may even move up a bit. In any case I am buying under 1.40 with few cents increments as it moves down. Will see
Bobo, are you really going to buy 100 shares if it goes to 1.20? How much cash do they have from last report. I believe company valued today way under its cash amount. The question is how much they burn during this quarter. On one hand it fills like a sure buy at these levels, but we don't know state of the business. If they continue to burn they cash for couple more quarters, we all going to be screwed royally.
Monday is over. Tuesday? Most likely q10 release on Thursday. No activities after hours and slow drift down to 1.20 in the next few days. The become very predictable in the negative way
Before anything sagnificant happence it will be reverse split. And my 41mln shares will become 410,000 shares. That was my dream
Don't be crazy. I have 7 thousand shares, I just bought them cheap not like some other people. Think with your head. Company need money to fund the research. What do they do? They rais money by selling shares. If share price low, the issue more shares and then reverse split and story starts again. I have few of those with 5 billion shares at 5 cents
On another hand shorts can take this company in to bankruptcy. Like they do with a lot of other small biotec companies which need funding. If you keep driving price down and it's hard to sell shares to get more funds for development what do you do? You are finished with all great potential. And your trillion dollars potential will be sold thru bankruptcy court as assets. My advise take the offer