RE:NO SHORT INTERESTThere is a number of reasons
- ASCO conference will have results of COG trial and interim findings on SIOPEL. The top line of the COG trial was posted by mistake last month. It showed a 50% decrease in the instances of hearing loss. I'm sure the presentation at ASCO will go into far more detail.
- There is a very high percentage of insider ownership. around 60-70% that means there isn't very much for sale. A little bit of interest in the stock will move it up very quickley (as we are seeing now)
- 2 very substantial additions to the board. The 2 new board members are very experienced. I have to think that if they decided to join then they see real potential.
- I have a valuation for my own use. I won't share it but I would encourage everyone to do their own analysis and come up with one. I'm sure it will be no where close to the current market cap of $40million.
- I have also heard a rumour about a Nasdaq up list.
- Proxy for the AGM should be out soon. There may be some interesting things in that. I think there is a name change coming.