RE:RE:Quiet boardWhile I would agree with the obvious fact that there has been more sellers than buyers as of late, to say that the "smart money got out in the $.80's" is a bit of a stretch given that the average transaction price since January 16th, the day after buyers stepped in on news, only approaches 80 cents. The TOTAL cdn volume has been only roughly 2.4 million shares, not much for smart money, which to me would more indicate that people have traded out of some of their position looking for a pullback and a better re-entry but not willing to exit completely. I know that's what I did. Maybe I'm being a little picky here but it just seems the statement is overly bearish given the facts.
I would agree that management, as usual, seems to be very inefficient and that something needs to get done fairly quickly. I sometimes wonder if part of any negotiations that might be taking place might be a bit stuck on the fact that if RVX is successful at obtaining gov't support for the Alzheimers program that will make the overall RVX program more valuable. Management would want this taken into consideration while a potential suitor would probably want to ignore this given it's not occurred yet and likely won't occur until after RVX needs more funding. Just some thoughts.......