Seriously; this market cap is a joke. Do you not think that this should not be at LEAST a 250 million market cap company. A $10 share price Today is fair. With a good revenue report in the next few weeks I think we will see the above price by years end.
Further note the press release stating via the CEO that the whole infrastructure is ALREADY in place in the US for Sales leads me to believe that US Sales are closer than we know. Bet you they will have some CLOSED before year End.
Next 4 months will be wonderfully exciting to watch.
These are 'professional buys". I've seen this before where they drop the price to scare the retail investor so they can create their position for the big gain going into, in general, a binary event in biopharm's. This is definitely going a great deal higher. Personal opinion we will hear sometime in November since in the other bio related stocks the drop happened 4 to 6 weeks before the 'news". Wish everyone the best of insights in creating their position.
This market is just about to get out of infancy into a burgeoning market. They are the Leaders. As Gretzky said: Don't go where the #$%$ is but where the #$%$ is going to be. They are right on time. That is investing.
I appreciate the Fib. numbers. Our market capitalization is very low. I think at Fib 8.85 it is roughly a $250 million Market Cap. which is still really really low for a company that is a leader in HIFU and a very likely FDA Novo approval. I see that $8.85 as something it should hit BEFORE approval. The $11.30 is what I "hope" it reaches before approval to get the next slingshot up to the $16.75.
EDAP is a company that does NOT promote; their is a reason for the release they made last week. It is their way of showing that their is REAL traction and things are better than perceived. Check out their releases, this is first one with this quality of flair!!!!
As a CEO or any Officer representing a Corporation such as EDAP TMS is personally responsible in the information that they disseminate to the Public outside of the laws of the stock market in FRANCE. Basically they can go to jail unlike the Corporate Executives here in America. For instance, if I was offered a job as a Country Manager for a software firm and I did something that was not legal to help me get sales through misinformation of some sort I could go to jail. This is in my opinion why they are very careful in anything they say or print. EDAP is very professionally run and very in tune with French Laws. Promotion is not in their game and French Laws prevent them from trying .