looks like a little bit of covering the past few days. they dont want a run on the stock, but volume is up alot for the past 2 months, no news, and qtr. annoucement is a few weeks away
I am thinking the growth story here is intact, and learning of some pending restatements of rev. (at relatively small amts.) from the past - just does not seem like that big a deal. at 40 we are about a pe of 20. today might just be some short covering. the wait will be a final summation of the books and a look forward
I agree. i dont know about timing, but it makes alot of sense to me .... to license into international arena. rmti now in a much stronger fiscal position gives them a long runway to build the biz, grow market, and create next steps round new treatments (other indications)
do a google search for digital turbine..... BUT follow the "investor" link. then i think its in presentations. It is on the website, but the website has these hard to follow menu drop downs that you have to select to get to
small cap thats not in a clear biz (energy and security training??? ) i own some, but seems like the street will ignore for awhile. but at 2.60 its PE for this year based on its announcement is about 7pe. if it sold for 1x revenues the stock is 5???
Seems that with so little float in stock, between the shorts and longs, there is no more room to move until some big volume comes in. they will need new sponsorship to drive volume higher consistantly.
it was stated on the CC that they are building multi source active ingredient supply chain for triferic, and because of input of customers, they anticipant signf. demand and want to ensure the quanity and quality needed with no disruption. so, this only seems like a work in progress going forward. not a big negative cloud as some want to focus on
spend the 29 min and listen to call. launch is abt 2 months out and discussions with several comps for other med indications and uses of triferic both in US and Int. so its a 2 fer of sales ramping and whole new markets pending thru lisc options. rmti has tons a breathing room too w 85 M cash...
we have had a double top at 4 now this year. I think your about right, it needs to solidly break and hold into the mid 4s and develop a strong base their (preferably without news). long.
be patient in this stock