GREY:ICOTF - Post by User
Comment by
stockgurukingon May 13, 2013 11:43pm
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Post# 21388123
RE: RE: RE: RE: RE: Same houses supporting it
RE: RE: RE: RE: RE: Same houses supporting it I agree dimond.. terrible play by management but if the financials came out in a month or so and showed ico with under 1M cash in the till and a 300k burn rate per month.. then the knife would of been alot worse..all of this time and excitment to not even finish the trial.. Managment did not execute on closing a deal or a non-dilutive way in raising cash.. biotech is a tough game if you dont have money!! thats why Andrew had to finance this thing now.. he couldnt afford to wait for one of these other non dilutive ways to develop.. he was running out of time I realize everyone is under water and upset including my self but i believe if iCo can keep turning volume like it has the last two days... we will see a bounce back to 40-45c pretty quick.. maybe even next week.. volume is key here and so far there looks to be demand down here based off the volume.. who knows maybe im wrong.. maybe ill be laid out on my buys down here but i sure dont think so... buy sell short.. beauty of the market.. everyone plays there way! good luck to all moving forward.