RE:RE:RE:RE:WOW: Prometic Life STARTING the Engines, look here..Fisher,
Hiring means absolutely nothing about knowledge of, or confidence in, the future - ZERO!
They have absolutely no choice but to continue on as if everything is going to be perfect - no delays, no new trials, etc. To do otherwise would signal to the market a lack of confidence, and then if it does turn out positive, they would not be ready to take advantage of it.
The problems companys like this run into, relate to the significant increase in BURN, that results from the new hires, that may turn out to never have been needed. Unlikely but possible.
There is a long list of companys that have done just as PLI is doing now, Hire People they may not need. In fact TST did exactly the same thing - Hired many new Employees, built a manufacturing plant.
It was said on here that other companys, like in Mining, hired people, built tailings ponds, statrted to build mines, built railway cars, etc., only to have things fall apart with financing or metals prices, and it all went ttiitts up.....
So, again, just because they are hiring means nothing at all. If you are buying or holding based solely on this, think again. However, if you are buying and or holding based on the science, and that you think the FDA decision will be a YES, then by all means, a much safer bet. Just dont let the hiring be a big influence on any decisions you make.
That being said, July to January is going to be interesting !!
fisher72 wrote: PLI obviously confident of the FDA decision ??