RE:Its nice to hear 8.50 share priceirishwolfhond;
Your comments are uninfomred, short sighted and showinig a nievity needing information.
So Ill start.
First the day-day price 'cant get above $3.00" look at the trend & chart,Withinkast 3- 5 years has been well above the $8.50 mentioned.
Just 12 months ago above $6.25
Next the "analysts" who put the valuations forward. they do-so based on in-depth review of all potential oppotunies of the company.
Presenly ONC is in trials with Pfizer, Roche, B.M.S. Incyte & Merck
All of which have done their own in-depth DD prior to the co-devlopment agreements/trials & studies.
Now.....should anyone of the 3 major studies ( some rsutls due next few months) prove, a good match.
Then a "partenrship" deal will be done to move Pela into Phase3 breast cancer trials.
Or any one of the other 3 types of cancer they are working on. Roche for example is looking at 2 separate types.
Why does today's price not matter?
If the science proves out ( and all indictions so far have been positive) , a $$$ deal will be done & the price of ONC will be mutiples of today.
The $8.50 ( average of analysts) is based on projections one year out, with lots of conservative factors.
The Canadian analysts adds an up-side of $18Ps shuld they ink a prtnership or firm up trial results.
Alternalty should the science fail, the company is not worth much.
It is that risk & the trial time involved that holds the price back.
( not to mention. short sighted day traders).
When will the price to $8.50 take place??? Check out GLSI another bio-tech
Was trading low $2-$3 range for longest time. Came out with some positive news.
Price went to $120Ps++ in one day!
Granted it has settled back to mid $35 range.
That news BTW not even close to what ONC has the capability of.
NO BS, you could have bought GLSI a few days before the news for under $5. moring of news. Premarket was mid $30s: By noon over $100.
Never never underestimate the potential upside of a biotech
If even one of the 3 trials ONC is involved in says the right words. You wont even be able to get an order in. market price only and well above the $8.50
Look around go to ONC sight get educated.
GLSI had sucsess with a phase2 , very limited application. ONC has a much broader base application of the productT
that is is what is slowing thinsg down.They are proving out the wide base theory.