I thought we were completely dead. Read the SEC filing and had some small hope of a miracle. Now that Adam F is back flogging a 0.41 stock, I really think that Linda might pull off a Hail Mary. Why else should AF waste his time on this beaten down stock? Welcome back and maybe just maybe Linda has the final laugh.
So I bought a couple of thousand at 0.39 just in case
We can pray!
I for expect that Tuesday, we will only hear from Dr. Schwartz, "the investigation is ongoing." Based on history, we can expect little news. No other drugs to sell... And the promise of a buy out has faded.. Just one man's opinion sitting with a huge loss.
Gee...as exciting as kissing your sister. Selling products to your relatives and neighbors....maybe I'm missing something but this announcement seems like......like no big deal.
Don't see how they raise $15million given present absence of news. The reverse split will be a disaster without revenues or at the least signed contracts. I find it hard to think about buying more now before this cloud is lifted. IMHO reverse split now at .13 cents or so is premature and too much of a wing and a prayer.
The fact that Linda raised money at this price means IMHO... that she is down to petty cash and is very close to the finish line for SOMETHING meaningful. I've given up on predicting what that SOMETHING is. However, someone or a group is willing to gamble some money on a 50 cent company, so she has to have something in the wings. But hasn't it been 2 months since she said they had three companies in the wings?
Hard to see from this level, how the company can ever raise meaningful dollars to complete any trials unless?? Wow, 50 cents..actually 48 cents.. who would believe it, I'm sure Sir Neil can't be too happy.
Even if there is any slight chance that IDMC got flawed submission. Even if there is an opportunity to refute the current statistics, the best hope for shareholders is for Roche to buy us either for $2 as a fire sale for the pipeline, or if by same miracle we get a revised opinion and they pay $10. The present management has Zero credibility and they aren't strong enough to play in this vicious arena.
Not sure ANY announcement short of efficacy would make a difference in this market. Actually happy that there is no PR release..let's wait a few days until the carnage ends.
Would not be happy with $10. However we are currently $2.10.....talk of $40-$50 is simply not realistic. How could Roche or any other company justify that premium to Their BOD?