RE:RE:RE:Disappointing price action following disappointing newsFurionn wrote:
I do not have any interest in "bashing" since, currently, I am long this market so my interest is to see MOM succeed. But the news just show they are just at the begining with other phases as product testing, and human trial to follow, which I am assuming are the hard part. Let me quote from release: "Product testing is the first major step." So until May 22 2015 they were in a stage before this, which one may quantify as the begining of begining.
Plus, the question about the cancel clause is a valid one. Am I to assume that the Chinese partner would have just given away 90mil regardless of any market conditions, as new competitor product at better price/better technology appearing during MOM approvals process ?
In fact, I think I might try to call the company to clarify this for myself since I see this as a valid question.
They must have answered your question by now?