Every stock is a supply and demand story, isn't it.
Take Apple. Almost 6 billion shares. The earth only has 7 billion people on it! Great company, but the stock owning community can't absorb all the shares, all the market cap. So about 10 times P/E is the limit.
CMRX has about 50 million shares worth about $9 each. It's "106% institutionally owned." Now, we both know that latter fact is exaggerated, but 85-90% is owned by people who don't trade it, hedge funds and big fish investors. So the float is maybe 5,000,000 shares.
Watch what happens as we move toward the February 18th event, and the volume rises. I predict a quick double on the share price.
Agreed. Pearson is sick, probably, but this has to do with recent displeasure over the Phildor affair. I think Pearson should resign, and I'm sure I'm not alone in that opinion. As to his importance to the company (yes I know he's the founder), I'm reminded of what Charles De Gaulle said, "The cemeteries of the world are full of indispensable men."
It sounds better in French, the point is Valiant has some good drugs, and will go forward into a brighter future. Disclosure, I'm long of course.