RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:DMA On Watch TerritoryUuggh....not what we wanted, but I assume they sold all the shares in the IPO and thus are in a much better cash position.... $16M + $3-$4M they had on hand as per last filing vs. burn rate I calculate is $20M. They should get the $4.5M scheduled payment for Ahon deal FDA approval soon I would think... so sitting on at least $25M cash.
This puts them on a solid footing to complete a series of trials through end of phase 2 I would guess?....
So corporately and financially they are in a significantly position than before the IPO. If you like the story then, you should LOVE this story now.
So... let's get some NEWS out there!!!!!!! and support the stock and shareholders. There must be a ton of stuff to report.... and I think they are hand-cuffed until the IPO deal closes, which is next week I believe?
In the meantime the naysayers are having their day in the sun, but someone (me included) were smart enough to pickup shares at end of day Friday!!!
I think much better days are ahead, and picture will improve significantly.
This story is FAR, FAR, FAR from what others portray it to be. Sky is not falling folks. Nothing has changed scientifically (except further progess on trials), and they are now well funded for completion of said trials. Hello.... How is this bad?
Stock's go up and down like my under-wear...yep, you need a strong stomach for this to weather the gyrations.... and yeah I lost a little sleep last night as I'm sitting on 300,000 shares folks!
Also... don't forget that the markets overall are selling and bio-tech in a tailspin. BAD TIMING is all this is. Tax-Loss selling is going on as well, multiple factors at play here.
So...what am I doing about it? I'm buying as much as I can get at these levels.