Allon Therapeutics Inc NPCUF

Healthcare Biotechnology

Allon Therapeutics, Inc. is a Canada-based Company, which develops treatments for neurodegenerative diseases. The Company is engaged in pre-clinical and clinical development of proprietary neuroprotective compounds which may be applied for the potential treatment of Alzheimer's Disease, Parkinson's Disease, senile dementia, glaucoma, traumatic head injury, neuronal damage due to stroke and other conditions involving neurodegeneration. The Company's drug, davunetide, is proceeding in a pivotal Phase 2/3 clinical trial in an orphan indication, progressive supranuclear palsy (PSP), under a Special Protocol Assessment (SPA) with the Food and Drug Administration (FDA).

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Allon Therapeutics Inc

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Post by chrisaccordon Dec 19, 2012 11:35pm

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Post# 20753903

Bottom was found today ... upwards from here.

The market cap at this point is beyond ridicules. The stock has lost over 97 % of its value from 2 days ago. In Allon Therapeutics last SEDAR MD & A the company states that they have enough capital to get them through to the end of mid 2013. This was restated during the conference call. There is absolutely no chance the share price stays down here. No chance. The panic selling was done about an hour into today and there was a lot of buying on the ask. A large seller at the end of the day trading thru house # 13 (Instinet) bailed at the end of the day opening up the level 2 asks nicely. Anyone who got shares at a penny and is flipping them for a penny and a half is nuts because the share price will very soon, at minimum, be at a nickel to a dime. Just watch ! The bottom was found and v.NPC starts retracing some of the massive panic selling share price loss tomorrow (Thursday) morning.

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