Ask them if "compassionate care" approval is worth anything
Somebody called 5I "says move on" Hmmmmm???
I wonder whether ( yes friend the other is rain/snow etc.. ) they heard about the 4 CENT target from Cormark ( formerly SPROTT )
They don't seem to know about the "compassionate care approval" either.
Q: Hi 5i,
I am an unforunate holder of EDT. It is recently crashed to earth and had an immediate "dead cat bounce."
I have read your other answers on this stock.
I was thinking it was dead money but it has been rising quite nicely since the "dead cat bounce." Up over 7% today.
I am wondering weather to hang on, or claim my losses now.
I would appreciate any comments you have.
5i Research Answer:
In situations like these, companies typically retrench, reduce staff and conserve cash. EDT has about $10 million. Despite the failed trial, there were some benefits noted, and the company can go back to the drawing board. But we now have a $70 million market cap company down 57% this year heading into year end tax selling. We would move on here.