I honestly am not worried with today’s trading, if ever it trades under 0,45$, I'll see this as an opportunity to buy more shares knowing that there is no risk this company is valued lower than 0,40$.
I also think, in another mentality, that the cost of holding this company has an advantage, because there is a good chance that this company may be part of the solution for COVID19.
Some say the stock will drop to 0,40$, but the thing is : can anyone take part of the PP at 0,40$ honestly? I think the answer is no, because usually privileged investors can ifn't it will be small institutions no? If market trades back to 0,40$, in my head this will not be correct because it is not true that I could get some shares from that PP. I' bringing back economical studies from University relating that the demand and offer. If this trades at 0,40$, this should mean that I would be more advantaged to buy shares from the PP, but I can't, there is an opportunity cost related to that that the market, being not efficient, will allow. That is when retail investors can take advantage.
I think if you see this as a proof that the company is "valued" at 0,40$, this isn't what it means and it isn't the case.
See the globality of AGN, with the recent updates and NR, you guys know where this is going. Don't doubt it, hold.
David