RE:RE:750,000 CAD VolumeI'm actually surprised that the pp holders continue to liquidate at .18, although I expect it's still at no loss so free warrants. The chart now looks like last year only at twice the time scale and ready to break downward any day, but I don't see the logic of doing so.
Not that logic matters, trading is pathologic. At some point next year traders are going to start piling in for 18 months of P1 news so at what price to they expect to get back in? Goldstein's legacy is annoying but not life threatening.
There is something bigger going on, China. If you're paying attention to the cold war being waged against it then you know it's continuing to pick up assets that are grossly under valued by design of western monopolists. That MRNA vaccine asset fit an obvious immediate need but pharma is not their first concern, see coup in Guinea.
However China has a huge demographic problem as their birthrate has dropped below even Japan's and no amount of incentives seem to be turning that around, so AD is very soon going to be a pharma field they want to exploit.
Meanwhile Rand Corp in 2016 basically advised US defense to turn the cold war into a regional hot one by 2025 or risk the window closing to stop B&R. Which is why AUKUS just happened, why the repositioning on Afghanistan, the NED funded street riots from HK to Myanmar, and Biden's continuation of Trump's bizarre China bashing.
Join the dots, big pharma is in for a shake-up and Promis is long gone by 2025 at any price it demands, don't sell on the first offer. JMHO