RE: Back In Its PlaceSaid I would try and figure out what Nucryst is worth and was disappointed to see the current PPS
If Wed could sell their stake it would be worth about $2 a share to Wed, bad part being pharmaceuticals are not doing so well as a whole, and Nucryst PPS is falling quicker then the rest of the industry. A cursory look at NCS finacials shows they still have a way's to go before being profitable. Give credit to management for spinning off Nucryst at the price they got!
Geeze that didn't help me to decide at good entry point. I'm bullish on the technology, have faith in management, feeling there is a bit of a problem with solidifing a JV (is it the technology, money, timing, terms or lack of real interest).
It's very interesting to see Nucryst trading at $12 and Wed at $4, doesn't make much sense given Wed owns most of Nucryst. Why would anyone buy Nucryst when they can buy Wed at what appears to be a huge discount? Crazy markets!!
Please note my comments are personal and I have NO idea what will happen to Wed. PPS in the near term.
John