GREY:MDCGF - Post by User
Post by
Jentaion Aug 18, 2011 10:45pm
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Post# 18958799
my latest two bits
my latest two bits
Here is my assessment of Medicago’s present situation aftera brief discussion with IR. If anyone wishes to add anything or be morespecific please feel free to do so.
The stock has been holding quite well compared to others inthe wake of the serious weakening of the global stock markets.
The building of the NorthCarolina Plant is on schedule and on budget. The opening of the new plantshould bring more needed visibility in the US.
The SP is now over $100 million dollars. This is ratherpositive in terms of visibility. (It is no longer a penny stock).
No more MOU….more royalty dealsin the future
Waiting for FDA approval forphase 2
Insiders can now own up to 10% of the shares of the company(including options) – a good sign. (Up from the previous 5%)
MDG has enough cash on hand to last until early 2012. A newPP (further dilution) might be needed (my own guess). I hate it but it may be necessary.
No revenues are expected untilthe end of 2012 or beginning of 2013
A US listing might be desirable…sometime in 2012.
More “serious” analysts have been covering MDG. AlLL OF THEM have projected well over a dollar within 12 months.
Considering the insanity of the current market situation, Iwould be quite satisfied if we hit the one dollar mark by year end.