Post by
1wascallywabbit on Apr 05, 2016 7:17pm
The Last Hurrah?
Most stocks that go to the graveyard, make a Last Hurrah, in order for those in the know to squeeze all they can from the masses. That is just the way it works. I have seen many double and triple and more on very high volume, only to drift back to the old lows and beyond, eventually going to zero (0).
A recent one is SGR.T going from 8 cents or so to 28 cents in 2 or 3 days, there back to < 5 cents and bankruptcy.
do I think that is the case here? No, I do not. But, stranger things have happened.
more likely, it will be bought out for 0.15 after going to 0.25 first, or something along those lines.
mark my words, we are not out of the woods yet, and I think something very strange is afoot here.
Comment by
DamnYankees on Apr 05, 2016 7:41pm
Strange? When does anything resembling normal happen at Telesta? Still valued 30% below cash with no recognized value for a peer reviewed P3 cancer trial and a new plant to manufacture MCNA. Still 45 mil to blow through before the last hurrah.