GREY:MDCGF - Post by User
Post by
Jentaion Jan 19, 2010 2:29pm
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Post# 16695985
$0.20 warrants versus phase 2
$0.20 warrants versus phase 2This is one of the lowest days of activity of trading for Medicago in a long time (aside from around Christmas (24) and New Year (31). I certainly hope, we will get rid of the rest of the
.20 warrants fairly soon. I do not expect, we will have news pertaining to the announcement of phase2 until March sometimes. (Phase 2 should start in May). Meanwhile, we might get a more complete analysis of results pertaining to faze 1 when the company has completed this task. At this level, it is still a buying opportunity. Mind you, I said that and did that when it was trading at
.58. As mentioned by one poster, this stock is not as sexy when the “flu” is not in the news. I must add the large float is also scaring a few investors. When the announcement pertaining to the beginning of phase 2 materialize, we probably be going back up to the
.80 plus. I do not expect, it will happen before that.