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Nuvo Pharmaceuticals Inc MRVFF

Nuvo Pharmaceuticals Inc is a Canadian focused healthcare company doing business as Miravo Healthcare with global reach and a diversified portfolio of commercial products. Its product targets several therapeutic areas, including pain, allergy, and dermatology. The company's strategy is to in-license and acquire growth-oriented, complementary products for Canadian and international markets.


OTCQX:MRVFF - Post by User

Bullboard Posts
Post by blackascanbeon Oct 26, 2011 8:58am
361 Views
Post# 19181969

Schaffhausen

SchaffhausenExcellent input. I couldn't agree more and I thank you for contributing an intelligent overview. That is a rare thing on this board. Just to answer your question about how the shares got to this level, consider that this is a company that has been around since 1983 and particularly in the last 10 years there have been lots of opportunities for retail investors to hear the story and to buy. Effectively, any retail investor who was going to buy this stock already has with very few exceptions. Institutional investors and or retail investors outside Canada will be required to create the buying to propel the share price significantly higher. Throw in the announcement of a reverse split along with ownership by retail investors who automatically think, "reverse split bad, me sell" and voila, here we are. Meanwhile the company continues to make progress. At some point there will be a catalyst that brings in investors from the U.S., be they retail or otherwise and given the fact that many existing retail investors in the last year and a half have sold, it should be a very fast move higher. Patience and understanding are valuable assets at this time.         
Bullboard Posts