RE: Glaring Question - amp7We don’t know the details on the trial, so it’s virtually impossible to put a realistic value on the pipeline or the company. Market is saying it’s worth less than zero. IMHO, guys like Hoie only invest big when they see themselves winning either way; if MC1 works I win big, if MC1 fails I still win, just not as big.
We could see a friendly merger with Hoie’s company and a shift in strategy for selling MC1. Hoie may be looking for a way to sell his products on this side of the pond. For all we know, he may have sold out. All speculation at this time. What I do know is that for every seller, there has to be a buyer. I don’t see fund managers or retail investors buying the volumes we saw in the first three days. The question becomes, if Hoie was the buyer and has a plan, do retail investors benefit from it. I’m betting what we end up with is worth a good deal more than 8 cents a share but it’s anyone’s guess at this point.