The company has barely provided any news to investors on where it stands. Safety trials take years to complete without any studies on efficacy completed. These studies and results are a long way away. Meanwhile the company is burning through cash with nothing to show. What do you expect? The drop in share price should be expected.
CFO of AK Steel was buying at 4.50 a share. The stock quickly went to 1.68 after that. Doesn't always mean that their purchases signal bottoms. I wouldn't get too excited.
Good luck. The stock is down almost 60% from recent highs. Stocks just don't drop like that unless there are major problems. If you are correct and today is a gift, I need to follow your investing ideas from here on out because I would be terrified of massive drops like this one.
Cortina sounds like a broken record. "Not satisfied with results". How often does he have to say this? We get it, this is a bad business. Glad I got out in the $4 range after thinking this was an undervalued business. If you are invested in this company, good luck!
They wanted in under $5 and saw plenty of $5 stops on the board. If you got out today, I feel bad for you. This is only temporary. The trend is higher. Don't let the big boys take your shares on the cheap!
If they knew about an event before the year end financial statements were published, they are required to put it in a note so that investors are warned about an upcoming event.
I got out of this pig when it was in the $4 range. I was sick of the lack of transparency and had a hard time figuring out what kind of business they were actually running here. I don't think they have even figured that out. An investing lesson learned for me. Don't buy what you can't figure out or measure accurately.
Goldman, Barron's, The Street. They are all getting their faces ripped off. They want their short positions in commodities to keep paying off. Easy money time is over, boys!
Back in Dec. the steel stocks got punished because the duties weren't heavy enough for Korea and Turkey. Now steel stocks rally on basically the same news? I smell a Wall Street Rat here.