OTCQX:MRVFF - Post by User
Comment by
3dollaron Jun 12, 2009 11:05am
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Post# 16065686
RE: RE: RE: Stock Trading Philosophies And Nuvo Re
RE: RE: RE: Stock Trading Philosophies And Nuvo ReWishful thinking that the company would be in a position to buy back any stock with the amount of money they may get from a partner. They have far too many other initiatives to undertake that will eat much of their cash. Their balance sheet would not support any type of buyback.at any point in the relative near future.
What amazes me is the lack of discussion around a buyout. Assuming they get approval and their technology is deemed to be somewhat grounbreaking in nature why in the world would another company not want ot buy them outright while the stock price is depressed...again relatively speaking. I'd be shocked if our management team wasn't having detailed buyout discussions in addition to a partnership agreement shoudl a purchase not be an option.
I'd be surprised if this management team is inclined to stay the course for many more years and go through the trials (no pun intended) and tribulations in will undoubtedly face as it tries to bring future products to the market.
Assuming total shares outstanding 450m.......they should be asking for $3/sh assuming FDA approval