OTCQX:MRVFF - Post by User
Comment by
scroll4factson Sep 10, 2016 12:22pm
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Post# 25225078
RE:So what's happening??
RE:So what's happening??I agree with your post. Most biotechs went down yesterday. The Nasdaq Biotechnology Index lost more than 3%. I think this stock sort of overreacted mostly due to its low float and liquidity. Just look at the low volume on the one-day chart. I still believe that the big picture has not changed. Profitable, cash flow positive, no debt, $16M+ cash. I estimate that someone willing to pay a P/S ratio of 6 plus cash would have to invest over $15/shr to acquire this biotech and as a bonus will get ROW P2 potential sales and profits for free. What brings me more confidence is this week CTX acquisition deal showing that management has the ability to pleasantly surprise us.