RE:RE:No tradesI must say this lack of activity is really quite astounding to me. I think it supports a lot of what Scarlet and others have been saying about how the stock market and what drives trading has changed heavily in the last few years, accellerated by the pandemic computer screen trader crews. I don't think it means the old traditional institutional investor is dead and gone, but it has changed.
There is a sense that you have to really button-up your investment narrative, making it clean, compelling and precise. You need influencers too --some retail, some insitutional. We know the institutional angle relies on the amplification and introduction by really good analyst who cover the space you are operating in (now oncology, NASH, small biotech) and whose following respects their opinions. We know at this point we really only have Cannacord and he's just a NASh expert. There's just zero amplification going on -- maybe even negative amplification since the NBF and Mackie guys were just part of a trade and don't look at THTX has a highly prospective investment.
Yes, we need facts and that will heavily drive whatever value-enhancement the facts can support, but they do need to start laying the groundwork NOW. PL has mentioned all sell side firms need a quid pro quo. We'll I would give it to them. I'd hardball them now and say that between a high probability of various partnerships in areas they don't want to sell or compete in and ultimate need for further cash down the road for acquisitions, trial follow-through, etc... that if you want to be part of those, start your coverage right now. It's getting rather dire for them and looks like if they do nothing, any good news will be the tree that fell in the forest no one heard. Time to hardball Cantor Fitz, Jeffries, RayJay, Piper, Stifel, Barclays, Goldman, etc.... Get any one of them on board ASAP if you can. Have Molson set up some calls and put a little bit of his skin in the game. That's the primary reason he's on the Board.
jeffm34 wrote: Still haven't hit 1000 shares yet after 3 hours of trading