RE: RE: Sellers come clean?
I haven't sold a share (I have over 110,000 shares now) probably could have sold a few shares here and there, but I'm not usually too good at picking the highs and lows. I'm not going to sell any shares until it hits $2.25, and then probably only a small percentage, it will depend on how quickly it gets to that price and what else is on tap. I feel the next 6 - 8 months could be very good for Bioniche. This is a retirement stock.... hopefully an early retirement stock.
Bioniche has fizzled out before after a couple of days run up but I think this is a bit different, if you connect the dots, the pre-announcement by Endo that they are planning multi-million dollar Phase IIIb study to start this fall, they are not going to make this kind of announcement unless they have a pretty good idea about the results of Phase IIIa. Time will tell, next week the price has to break the 52 week high or I believe it will slide back down to a buck until the positive announcement of Phase IIIa data, this would have to be accompanied by a milestone payment or so doesn't it?
And, don't forget about the ecoli vaccine, this could happen this fall, but we have been told so many times before that a US conditional license will be coming soon, I'm not going to hold my breath. I think that just before or just after the new plant is complete (targeted for the end of March) the vaccine will be mandated in Canada. Hopefully other countries like Brazil and Australia will do the same shortly after.
Again, glta longs, hopefully next week we see a new 52 week high.
Tson99