RE:RE:RE:RE:RE:RE:RE:RE:RE:patiencesmush74 wrote:
Cipher Pharmaceuticals Inc. (TSX: DND) ("Cipher" or "the Company") today announced that its marketing partner for Absoricaä has reached a cumulative sales milestone in accordance with the parties' commercial agreement, triggering a one-time US$5.0 million (net) payment to Cipher. This revenue will be included in Cipher's Q4 2013 financial results, which the Company plans to report in late February.
Tomorrow you will get your answer if they have increased their percentage or not.
I really dont want to bash the stock but i believe everything has already price in the value into the current SP. SP raise over 10% prior to Q4 is something rare. Q4 might be over rated and perhaps might miss the expectation.. Tho it got 5mil payment but if sale was not as good, it still create negative impact. I missed the ride to $8 from low $7. Getting in now is risky.
IF tmr Q4 beats again, stock should go back to $9 in no time. if not we could see it back to low $7