VPT - FDA ScheduleThe June 24 PR indicates they need 6-8 weeks to collect/analyze the data required by the FDA. That puts our re-submission to the FDA between July 26-Aug 9th. Its anyones guess how long the FDA needs to make a decision, maybe 1 month? That would put us into early September at the latest.
This weeks trading has lots of nibbles at the ASK but seems like there are always shares for sale at $0.10 so now real movement upward. With 130 million shares o/s, many holders are sitting on the sidelines waiting for this to move upward as their cost is higher than the current price.
My prediction is some people in the "know" are aware of some news coming and buying up what they can without skyrocketing the SP. they needed the $$$ quickly from the PP, hence the crappy terms...I suspect it was used to place new units. if we can get the equipment in more hospitals before september, the SP may move. With only a few months to go, nobody should be selling at $0.10.