What the future holdsFirst off - sorry for all those that have lost a lot of money here!
This latest release is saying they are now static i.e. shutting off the light, forwarding the phone to the answering machine and taking a long summer vacation until October at which time they will come back to prepare for the FDA and the review to phase 3. There are no guaranties to be granted phase 3 at this point but it is the only hope they have left.
You can hope all you want but the fact is NO COMPANY WILL PARTNER WITH THEM UNTIL THEY CAN MOVE TO PHASE 3. THERE IS NO REASON FOR A BIG PHARMA TO BUY THEM OUT NOW WHEN THEY CAN GET ALL THE PATENTS FOR LESS IF IT GOES TO BANKRUPTCY.
From now until the October this stock is not going anywhere but down. PEROID END OF STORY
Don’t let hopes of dollar signs cloud the facts. Hold or Buy it doesn’t matter just open your eyes and be sure of what you are doing.
I have learned more from failure than any success!
If you had been liquid i.e. sold at some point (“cash in hand”) good news or bad you would better off. Good news you lose a few percentage points on it’s way up – but it’s going up. Bad new you can decide if it is worth the risk still and buy at a bargain if you want to take the risk.
Good luck all
BIGWALLEYE
Profit is good for your portfolio but greed is not!