GREY:IPHAF - Post by User
Comment by
redrillon Nov 08, 2007 10:45am
431 Views
Post# 13775830
RE: makes no sense
RE: makes no senseIn my poor opinion, what makes no sense is a lot of conspiracy theories with people looking for a 'quick fix'.
At present everyone seems to agree that this drug should be a home run. Is 6 to 12 monhs longer to realize your windfall that signifigant or would futher dilution through fund raising for phIII trial be more signifigant?
Is waiting for the Roche decision for 6 months smarter or pushing ahead with trials, and stretching cash reserves, to get psoriasis application to market the wiser direction.
My view would be towards the patient, less dilution, fiscally sound 6 month pause. If(when) Roche opts in, things will proceed as planned albeit 6 months later, on the off chance Roche declines then a dilution to raise capital either through share issue or new partnering agreement for Psoriasis indications will be in order.
instant gratification isn't always the best track, especially in investing, if you,re day trading and 'gambleing' on this stock then I fully understand the distress.
don't get me wrong,I'm as annoyed as anyone that we,re still watching this price drift lower(intially bought in at $4.50) but then so has the rest of the market and US investors(as well as most other) have bigger worries than a tiny Canadian Biotech outfit.