I agree that this could be under some near term pressure due to expected capital needs. They show some concerns that they will not be able to create a substantial positive margin on sales and that the company will not be worth that much. If they are able to continue growth and show a light at the end of the tunnel(positive cash flow), then this company could be worth substantially more. I expect a purchase soon, and another if the price continues to drop near term, I expect a much better stock price within a year.
I am very impressed with the trading of late. Unless the market really tanks,this appears to be showing some relative strength and I would expect higher prices over the next six months to a year. I suspect I will be adding to position. JMHO
This move was pretty obvious, as there was no way APPL was going to use this til they could handle the volume appl requires(if they will every use it at all). Easy trade into yesterday, and dump after the news.
I will say that I still think this stock is WAY overvalued and they are in huge dilution, there will be some positive catalysts coming up and the potential for more significant revenue. Not sure if this comes even close to justifying valuation, but I think there could be a nice trade back to $.23-.24 in the near term.
It looks like this stock is getting ready to rally. If the mkt falls it may hold it lower, otherwise I would expect decent things in the near term. Longer term I think this is very cheep and could do really well($100+). JMHO
Bull. A reverse split does not kill any company. Having no earnings/revenues kills a company. A reverse split while also generating real revenues and profits would be fine for the co. and the stock. So far this stock is nothing but a trading vehicle it certainly has not been an investment.
$1 would meen a $450mil mkt cap and growing. CC showed improvement but financials are terrible. They need sales of at least $50mil to justify current pricing and that would be with a pretty high net operating profit(which there is no proof of).
half of market cap traded today. What is the float? This is a standard Wall Street liquidity run up and will drop when volume drops and/or they release shares to increase float. Have fun til then.
Wow, can not believe this gets this valuation. Put it on my list of stocks to short in the future. Maybe will start at $55-60, should be there in a few days at this rate. Single digits once bubble bursts. JMHO
I think this is a pretty safe purchase down here. I also think it could go lower if biotech sells off again(it should) or the whole market corrects. Consider lower buy points a bargain(IMO). This could push near $100 if things go well, the main problem is that the company is a binary bet on drug approval or not(at least in the near term).
I have been trading in and out of this for several months. I have to say this has been trading very well in the past couple of weeks. Makes me believe that there could be some positives coming in subsequent months. At this mkt cap, fundamental improvement(I mean actually having fundamentals) could really send the PPS up. Time will tell...
I think the max is $125k. No big deal, but phase II or beyond would be real money for a company with none, and could be good PR and validation of technology. Could be good cash flow in a year if they get that far. Better to have sales ASAP.
Whether there is any substance or not, this stock is going to move higher in the short term til there is news. Volume is nuts. This may also mean that where there is smoke there is fire, but we will tell on the next news article. That will determine if there is a sustainable move or just more hype. JMHO