GREY:VBIVQ - Post by User
Comment by
cypress44on Aug 06, 2018 6:21pm
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Post# 28418750
RE:RE:For whom the bell tolls
RE:RE:For whom the bell tolls There was no report, just my 6-month chat with a finance friend specialising in Biotech, he is correct about VBI and now it has dropped below $2 earlier than expected. If it drops below $1.50 or even $1 due to a market correction or tax loss selling later in the year then we have real problems as shareholders.
The analyst target of $9.30 was given a while ago, VBI are not where they should be, what can the analysts amend it to? the stock has been on a slide since December 2017, they could give a target of $3 which is doable and about as useless as VBI management.
Yes they have cash but they are way behind, add 1 or 2 years to whatever they said initially for timings and that is probably the reality. Looking forward to company news and reading who will be issued new share options at a nice low price – look after the management, screw the shareholders