RE:What is the bottom before next catalyst?Difficult to say where the bottom is given the fact that the stock is not performing rationally and there's a major disconnect between the stock price and the attributable factors that suggest the price should probably be higher than where it is now.
The 52 week low is $3.05, you can possibly use that as a reasonable number, but again the stock seems to be absent of any rationale at the moment.
There is $1.87 per share in cash currently.
At some point, this is going to reverse. You can debate as to when that may be, there's a whole host of catalysts which could potentially turn this around.
Personally, I keep my focus on the end goal, successful completion of phase 3 and FDA approval to follow which would obviously result in a much diferent scenario than where things are now (although I highly doubt it will take that long for the stock to produce a reversal, I think it will happen well before that time, but I maintain that end result as the goal).
CoffeeBeans wrote: Bleeding pennies a day and the next real catalyst is this Fall or likely sometime next year, does anyone want to weigh in on where this will bottom?