sighWhat a long process. I wish there were more clarity on the company about what parts take so long. In general I don't mind being patient but I do mind the black void of information where we hear nothing more than that the quarter for BTD has been bumped (again).
I wish TLT were a company that wasn't public and we were all initial investors that didn't have to watch the depressing price action.
The way I see it, there are traders who seem to swing trade a lot of shares back and forth (still under the the same overall ownership I suspect) and create price fear without losing any of their shares since such a low volume stock. The BIGGEST thing that this pattern relies on is fear and the absence of any new information for a while. If this all the information for a while then the price will continue to fall, not because the majority of holders are selling, but because of this back and forth stock volume.
The only things that will prop up the current price, IMO, are:
- patient data update that shows CR's further out that they have collected. 540 on onwards. If they said BTD not ready yet but here is some more data showing that the CRs continue as we expect, that would bump up confidence.
- an update on GBM such as selection of MAB, sites. Something concrete.
- JV announcement of some kind
Without any updates, I fear the price will continue to fall which makes me sad as I'm a big believer in the science but feel disappointed in the black void of non-information about what makes this so slow or why they cannot get money from other sources.