RE:I forgot that… BayStreetWild wrote: At this enrolment rate the market is pricing in a multi year delay. 20 people in 36 months? Ouch.
Are you suggesting that once it is announced that Kellum has got the enrollment back up to 10+ per month (as implied in recent discussions/releases) that the stock will quickly get re-priced higher? Especially since that would imply interim data targets (90) being achieved as early as this coming Feb or March - and not a further multi-year delay that you seem to imply is the current market expectation?
Just asking becasue I'm trying to gauge how much longer I have to complete my buying at these levels (20-25% below Be-all's insider $200k investmnent, and the other insider's recent Unit grab). I feel that a 20-25% discount off unit price makes up for the 15 % dilution - assuming you have the conviction - like insiders seem to have, and all those 45 cent warrant holders a few months prior to that.
Perhaps not a fair question to you, as I suppose the timing of the snap back somewhat depends on how many more "weak hand" shares need to be jettisoned in the line of duty. Not to mention the recent shorting exercise. I heard it from a guy, who heard it from a guy, who heard it from a guy, that as of last week there was a couple of million shares left to be sold. In reality, it's hard to say how much is left to go, when there is always a good chunk traded on the dark pools.
MM