Yes ONVO had progressed but there is no real revenue, money flow.....and to add, insider selling recently, this baby going back to $6. Yes it may pop back to $14 but not staying there long, will settle down. Right now it is going on roller-coaster ride.
"The Company is in the final stages of creating the legal joint venture entities and finalizing the Definitive Agreement between the parties with an announcement expected imminently. Upon creation of the joint venture entities, Flotek expects to move forward with logistical planning in the coming weeks and development plans that should accelerate in early 2014."
If you bought the stock then you should always buy puts for protection since FDA does become a binary event, if you what that means. Obviously, with that much money you need to understand ways to hedge your bets because nothing is 100%. Yes, you would lose money on puts bought but at least you got that insurance!! Or buy call options, even better, a call spread to lower the risk.....options also risky, but less money could have been applied.