You're right. KBIO was bought to use as a Shell Co. to channel over-priced drugs to consumers. The cheap Nasdaq listing is all Shkreli desired. This penny stock will soon be worthless once again. Whatever money KBIO has left will be tied up in countless legal claims.
I thought just yesterday there was a 10.X million share float & about $5.X million in cash.
I wonder if they needed the cash for the Mayo Clinic testing.
Really depends on a positive press release from the Co. $10-15 seems lofty but you never know.
Look for price to gradually climb and pop big during Global Climate Change conference in early December.
Global Climate Change Conference starting at the end of this month in Paris should give all renewable energy Cos. a pop.
Have you contacted SUNE Investor Relations concerning this? If true, there has to be some Top Dog investors with financial underlings who have researched this, and are deliberately keeping it quiet until they accumulate a more sizeable position at a much lower price.
$5.80 ish now, wonder where it'll be in December?
You better believe you can have negative rates. Some countries in Europe are already doing it. The Fed will never raise rates on the current administration's watch.
Markets are controlled by the Invisible Hand. Funny how just a week or two earlier, Cramer & Icahn said we're in a Bear, overbought market environment.
hicoten - He's saying .05% not 5%, as you have to move the decimal point two places to the right after division to get the percentage. For example, 1 out of 100 is 1%, while 1/100=.01 not .01%