TSXV:TRL.H - Post by User
Post by
Shadowfaxon Nov 24, 2014 3:19pm
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Post# 23159317
M Selling
M SellingTo those who think that M will continue to sell this stock because of some kind of personal vendetta that he has with current management, please give your head a shake and think about how ridiculous that sounds.
Melnyk has a large number of shares in this company and it is in his best interest for the share price to rise, not to fall. It is a well known fact that his finacial situation is tight and so he does not have the luxury to play the types of games that you are imagining here.
The stock is up over 25% on this news and once the profit-takers have lost interest the real money will start to come in and take advantage of these low prices. I believe this will result in a climb over the next 6 months or so.
Things are finally aligning as far as Natesto. What else can you ask for? An FDA approved product and now a distribution partnership. This is all great news and the share price has not caught up with the news yet. A number of factors are in play... lack of interest in Canadian markets, etc.
I'm going to continue to be patient and I'm sure the share price will eventually catch up with the news we've had since approval. Added to all this is the cash injection that will come from this which will allow TRL to focus on Tefina and other products in development.