Agreed. Further, Bill and company want to be good neighbors, and work with the locals as much as possible. The upcoming Q&A meeting is an example of that.
But the grow operation will go through, and production will begin in earnest when the license is granted. The local council is evidently wanting HC to delay the license until a special meeting takes place November 4, but they (HC) may issue the license anyway.
Regardless of whether the license is held up till after the Nov 4 meeting or not, the operation will take place. Millions of dollars of infrastructure, planning, etc. has already taken place. It's not a matter of "if", it's a matter of "when". I feel confident about my investment in FITX. Period.
I just read today's PR, and was impressed with the candor, straight-forward approach of it. Answered all the questions, imo, that are most important.
Bill and company will get the license and gain most, if not all, locals approval as well.
Just took an opening position yesterday, but doubled it a few minutes ago when I read Cowen upgraded PLUG to outperform while adjusting their PT from $7.50 to $6 due to the capital raise (which makes sense).
PLUG is kicking it into high gear. I want to be along for the ride.
That about sums it up. I'm holding my shares. Bashers have no effect on any of my decisions. None.
Murphy and crew have set this company up beautifully. The controlled equity offering with Cantor is just the latest smart move by them.
2015 is the start of a great ride with ONVO. GL
I see this as a buying opportunity for new investors or people who want to bulk up there ONVO investment.
The current downturn has nothing to do with the near-term promise of the liver assay commercialization about to unfold. It has everything to do with traders wanting to make a quick score and folding/moving on to other get-rich-quick companies and/or shorts eking out a few pennies more before covering.
I believe in Murphy and company. ONVO will be huge sooner-rather-than-later. The beginnings of that upturn begins soon. Not hyperbole, not fact yet either. But my belief in all I've read over a year+ of becoming aware of a little company called Organovo.
Due to my fear of biotechs/pharmas based on several a.s.s. whuppens in the past, I sold ADXS three or four times because I was afraid that it would crash-and-burn at any time. Because of said fear, I have lost out on sizable moves up.
Sure, I made small gains. But its chicken feed compared to if I bought and held.
Moral of the ADXS story (doesn't apply to most other stocks out there):
Don't be a blockhead like me. This is one company that is in the right space, at the right time. If you're in, buy more. If you're thinking about getting in, by all means, do so. Don't be stupid like me.
(I bought in again this afternoon at 12.90. I ain't lettin' these shares go. No siree!)
Bill is laying the right groundwork, it seems. So, I agree. A PR saying that FITX has the license in hand within the coming weeks (the sooner the better) would be huge!
It was over 9 pre-mkt this morning. I couldn't believe it. It topped 20% for a while. Unfortunately though, it slipped down basically all day.
You keep on making a false statement, sean. The majority of the people on this board are invested in ONVO. Great future. The current prices of the stock will be laughable in the not-too-distant future.
Apologize to the board or I think a lot of us are going to put you on "ignore".
Thanks for the info. Governments take forever to anything -- no matter what it is. The increased activity at the site that has been reported by several investors does indicate something is happening behind the scenes, imo.
When a major news announcement is made (hopefully soon, but, HC controls the shots), I have plans to at least double my position. But, without a concrete, substantive announcement, I'm content to hold my shares. Something tells me FITX will deliver no matter how long it will take.
As a retired accountant, I'll take your word for it. I've looked a enough financials in my life...lol
Seriously, we should know soon if FITX is going to be a real player. I've made my bet. Just waiting for the ball to drop...