RE:19 centsMonday morning blues. We hit 33 cents this morning, only to see it frittered away. Every Monday seems to repeat itself.
The reason is this: the market doubts that the full negative picture is out there yet. Lack of trust. There is doubt that the interim CEO, coming from the failed board, can be a real CEO. Who will it really be?
And then, is this company really one any other pharma wants to partner with? Would they really do a deal without knowing who the CEO is?
I really doubt that. So I think we are waiting to get a new CEO first before we hear any news on a deal.
JMHO, but show me I am wrong.