This type offering has happened to be twice before. On one KWR, I was so mad that they were offering the stock for a lesser price that I sold. I had purchased this stock around $20 and sold for around $42. Well, the stock quickly went above the new issue price and now is in the upper eighties. The other stock fared well also. But this is a 17% reduction in price, where the others were 10% to 6% and had sellable products., Also, who but an insider with GLYC could have known this was taking place. The retail stockholder gets the shaft again.
I would think any news of progress would be well received and gladly given by NTP but Mr. Koo is so damn secretive concerning these projects. You might try investor relations in NYC but they are just as tight- lipped. I need to check the SCMP more often and maybe stumble across some news. The news posted above seemed very encouraging compared to a year ago.
One of their drugs receives a fast track designation, which I thought was a good thing, but obviously isn't because the stock has fallen over 14% in the 2 days following the announcement. Would someone educate me?
There is a lot of news in the South China Morning Post as to what is happening in the city of Shenzhen. The city is referred as China' Silicon Valley. Three international airports will be built and completed by 2020. "Building new airports is a typical way for local government to engineer urban growth
'stated Oi Oi, a lecturer at Guangzhou Civil Aviation Academy. The story also stated that Shenzhen maintained the crown as China's most expensive city to buy a home for the second year in a row. It appears China wants Shenzhen to take the place of Hong Kong in all aspects of a vibrant city. This information and more was found in today's business section of the SCMP.
In two hours you went from a hold to a strong sell on this stock.That's a pretty strong change of thought. What happened?
Your wish is this sorry company's command and it managed to do so in thirty hours. We can thank Alibaba being investigated. No, buy out again this year.