That's called investors tired of waiting. And, no news on pt4 yet would lead some to believe there is no good news (yet). Perrin acknowledged one of his top priorities was to support shareholders and if he had something good to say right now, he would...especially as we're looking at single digit stock prices. My guess is that nothing good to report on pt4 (yet) which is discouraging and have impatient investors exiting this stock. We are in a "what have you done for me lately" society. No good news = "see ya later".
Article just released moments ago on beaten down biotech stocks. NVIV was listed as one of the stocks to consider.
"Another name to research for a possible bounce is Invivo Therapeutics (NVIV) which was more than cut in half by the recent market rout. We are quite intrigued with the area NVIV is studying as it's unique and uncrowded; the field of developing therapies and treatments for spinal cord injuries, or paralysis."
I've been accumulating over the past week as well. Another few k this morning... Once we shake out the weak hands and margin calls, I'm hoping we start climbing again. It's all about the science. The stock price fluctuations right now is just noise.
Yes it is so I see your point. At least the market is reacting positively to it...for now anyways. Crazy times in the stock market for sure.
China has cut their interest rates over night . So, this rebound could not just be a head fake but be sustaining. Let's hope so.
....Or they do what NVIV recently did and do a reverse split to catapult the share price. That would also greatly reduce the amount of outstanding shares which lowers the float...All good
**Below is the description from Joe Naturals (aka Portfoliomanager2013) SA bio***
I use my strength of basic common sense and DD skills to lead me down the path to profits. 2013 return of 108%, yet I will always remain humble.
He must have been drinking ABRW before the interview. At least someone is drinking their $hitt.
I was very impressed by the mgmt team in Boston. My assumption is that material events have occurred to influence this decision. If I'm wrong, kamaricj, then I'm really wondering why now as well. As outside investors, we will never know things in "real time" and will always have tendencies to play armchair quarterback. Will be interesting to see how this plays out.
A scummy transaction is buying 150k worth of ABRW and it being down 25% since you bragged about how much of a big deal it was and that us lemmings were clueless. Oh, I thought you said "dummy", not scummy. My bad.
The company has over 20 months of cash left. They don't need to raise anytime soon at THE CURRENT BURN RATE. I could be wrong, but it doesn't make sense that they make this strategic move now unless something has changed that we don't yet know about. That something I would surmise, is that they are lining themselves up with the FDA to accelerate their end game, and that will mean spending more money, sooner, in order to expedite the process. It makes no other sense to me why they do ATM financing in July '15. Why now? I have to believe there is a driving factor here that we just simply don't know about yet. Stay tuned and stay patient. Ask yourself this..Have I yet to see any reason to sell my shares because I don't believe the science is working? Anyone selling now is shooting first, and aiming later. Just plain nuts.
PM- you're the same guy that said very disparaging things about mgmt when I told you that a few were known to check the ymb from time to time but then you proceeded to buy shares again a few weeks later. Laughable. Keep buying your 30 cent microbrew stocks and get shove off already.
Everything else is just noise. Do you believe the science is working on the first 3 patients and will continue to do so? If yes, none of this matters anyways, good or bad. It's ALL about the science. Everything else will work itself out at the end of the day. Stay focused on the big picture to all those feeling intrepid.
I hope you got out of your 150k worth of ABRW while you're at it. You must be down ten's of thousands by now on that ridiculous investment.