The trading halt is in Australia. So far there is no trading halt in US as there has been no press release from PSDV. We have to wait for the news to be released regarding the FDA decision and at that time it will be determined if it is good or bad news. This is how the system operates.
you are correct. I just went back and reread the letter and there will be an announcment between 6:30AM thru 9:00 AM as trading has been halted in Australia
Just confirmed that you are correct and there is a letter confirming the trading halt and news pending between 9:30 AM and 10:00 AM
I have been in front of the screen all day and my eyes are really hurting now. I am surprised that there is no announcement from PSDV about a delay in the FDA decision
Bev is away from her desk. It is possible that they do not have an answer from the FDA or are preparing as we wait a news announcement
i just bought an additional 1000 at 3.40. I am still cannot believe that there has been no announcement and it appears that it will be after the close or tomorrow
on 10/17 due to the govt shutdown. There are no FDA food inspections but it is possible that any annoucement could be delayed. Only time will tell. I will be at my computer all day waiting for the possible verdict
as he states it is a betting game that the FDA will approve their particular product. Since Kramer is wrong a larger percentage of the time, it would appear that the odds are in our favor of an approval from the FDA.
He brought up the company Ariad Pharmeceutical that had their product rejected and the stock has gone down 75%
Ariad Pharmaceutical is down 75% from 17.00 to 4.50 after having problems with the FDA and their product. It is possible that there are traders taking their profits in case the FDA rejects ALIM application. Just a thought