GREY:MDCGF - Post by User
Comment by
oilandgaswellson Dec 05, 2009 10:13pm
323 Views
Post# 16558034
RE: RE: And only 7 more trading days til PM....
RE: RE: And only 7 more trading days til PM....Something to think about....
Maybe MDG approached PMI about a $10mm financing and they said no or tried to stall them. MDG then went out and forced the issue by doing one anyway. Another point to consider is that the value of this Company, even at $3.00 a share is chump change to PMI. Its not their primary business and one of dozens they have investments or research funds in. This is a company with revenues and annual profits in the BILLIONS. Their interest is likely tied to continued research involving tobacco / tobacco plants, public relations and potentially foreign interests.
I don't see them as an acquirer. There are dozens of other, well funded pharmas that could use this Company as a nice "tuck in" to their offerings. No shortage of potential buyers world-wide if Medicago has the goods.
I am concerned they chose the week of December 21 for announcement of results. Worst week of the year for the markets. Very slow trading week with many brokers/Investment bankers/retail brokers and investors away or not paying attention. Trading volume on all markets tends to grind to a slow drip until first full week of January.
Overall, a great potential 10 bagger from here with class leading phase 1 and improved market visibility heading into phase 2. GLTA