Without precedent is a good thing.
There are no prior legal actions for the government to use to support its case.
not really increased 80%
Don't make it look overvalued.
Took a quick nosedive last week and basically came back to pre dump levels....then blew thru them.
still down from summertime when it traded 2.50
You have to ask yourself this: Who's been buying hand over fist the last few days?
Over a million shares yesterday alone.
Not institutions, not the public, not algos, not short covering.
What does that leave?
IMO, SciClone is taking a stake for the pipeline and more control.
Preliminary Phase 2 results were positive.
SciClone expediting approval process and commercialization in China.
That's all you need to focus on.
Don't be swayed by daytraders' shenanigans.
$100 million cash and no debt.
Double digit returns on Profit margins, operating margins, ROA and ROE.
They could snap up SNGX tomorrow with ease, and it wouldn't surprise me if they already began accumulating shares. Watch for possible announcement after the turn of the new year.
Mind you, simply my opinion!
Opened at 1.41 and they dropped it immediately to 1.13 and panicked weak longs into selling.
Don't fall for those tactics.
If you believe in their product, stick to your guns.
Hang on for at least a year.
.....then we see the first resistance level at 1.80 hit tomorrow.
"Our plans are to develop SGX942 for the Greater China market, and to work with Soligenix to define both a business and development path forward toward that goal."