RE:Dog days of summer, yawnYes George....
We've all flipped this over the long haul, but with much better success in the past on less meaningful news than the recent news. While I appreciate the flipping chances, I abhor the dismal results, or more correctly ZERO results after the old news flashes. You'll remember....
the US military news, the Pacific Vet Sales alliance, the cleaning solutions company out of Montreal selling KBI, all to create revenue. Result? Every three months we give thousands of more shares to Mr. Reanud. How about that "successful launch of StrixNB!" Nope no revenue.
I truly do understand that proving efficacy takes time, but that's moreso true if you nickle and dime your research. I hope that as part of the DD exercise some significant amount of and meaningful testing is being done with significant cash from Bayer (or whoever is the pharma co). BUT according to Kane, the current DD involves a potential animal and pet deal. With all the competing products out there now, this Big Pharma company is going to have to have some real compelling reason to proceed to that market.
If as alleged DisersinB is potentially superior to other biofilm disruptors, then the largest amount of money (revenue) will come from human applications. IMHO, Kane seems to be beating around the bush and not chopping into it to expose the real potential value. Personally, since time is money and given that there will always be a new and improved product that will come out and again be better than even DispersinB, I would rather see some bold moves now.
Sitting on this with failures all the way along makes people believe that poor performance is simply the norm for a small biotech film. Such is not true of the few biotech stars with guts, vision and an allegedly solid product.
The fact that the intial share price most of us entered at is higher than the current SP is relevant and shouldn't be so easily dismissed because we also flipped KNE or as most of us have done, averaged down. The SP is an indication that Kane is stagnating and has done so over years due to its failure to deliver on news.
All with the utmost of respect for your opinion...and all IMHO.
Curly