Not Looking GoodUnless some surprise occurs, this sp is going down. You have to understand two major possibilities:
1. Urocidin cannot be a money maker for at least 2 years, and may never, in fact, be a money maker to Bioniche. Therefore, the market gives it no value.
2. Econiche may be a money maker within 1 year, but all indications to-date are it will be a dud.
To add iodine to the wound, BNC has much invested in facilities to produce Econiche and Urocidin.
Without a kicker for Econiche or a buyout, we have a terrible outlook........$.30 if we're lucky.
Remember our burn rate!