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MERUS LABS INTERNATIONAL INC T.MSL

"Merus Labs International Inc is a specialty pharmaceutical company. The Company acquires and licenses novel pharmaceutical products."


TSX:MSL - Post by User

Comment by Kensin1953on Apr 05, 2017 5:57pm
180 Views
Post# 26082636

RE:Not much is happening...

RE:Not much is happening...The math said sideways for a few months. It's down as the only traders are those giving up. They have until the end of April to make something happen or it will fade away to about $.75c cdn. Most of the larger traders have their positions about 20 mil shares bought since Nevember 2016 under $1.28cdn   Would not be surprised to see a rally to $1.45 on news however it seems it will be March 2018 before the market swings back to the Pharma group as a good buy being beaten down and most of their initiatives will have come to fruition. If they announce a distributor deal or take on 3 or 4 key products not available in wide distribution in Europe then $2.00 could be in the near future. If not down to $.75c  and lower if the bigger players decide they can't wait or they get a big hit in another catagorey and can afford to waste this play. VRX with their current Australian let down continues to plague this space. I wish they would fold so some reasonably ethical profit making Pharma company becomes the new torch/flag bearer for this group.

JMHO
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