Breakout Close ByThe chart looks very promising with what appears to be a continuation pattern well formed and just waiting for a small uptic to signal a breakout. The MACD graph also appears to be bottoming and also close to signaling a buy.
The chart suggests the next move higher will take the stock price into the mid to high 0.50s.
As an investor I am disappointed with the company in not following through on the quarterly newsletters. This is not a good practice. If they want to do things differently so be it, but there is a responsibility to shareholders to be more transparent in my humble opinion.
That said I believe in the technology.
Further it is encouraging that while waiting the share price is rising for a change.
But that doesn't excuse the lack of transparency when the company is getting potentially very close to qualifying for BTD and commercialization based on the phase 2 trial.
The right results will,send the share price significantly higher and if they have run into another unexpected problem significantly lower.
Its not that some of us haven't been patient waiting.
Would it hurt to explain the delay?