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Bullboard - Stock Discussion Forum Nuvo Pharmaceuticals Inc MRVFF

Nuvo Pharmaceuticals Inc is a Canadian focused healthcare company doing business as Miravo Healthcare with global reach and a diversified portfolio of commercial products. Its product targets several therapeutic areas, including pain, allergy, and dermatology. The company's strategy is to in-license and acquire growth-oriented, complementary products for Canadian and international markets. see more

OTCQX:MRVFF - Post Discussion

Nuvo Pharmaceuticals Inc > WHY the sell off
View:
Post by midard on Nov 01, 2019 2:54pm

WHY the sell off

Market cap was almost the same as earning yesterday. who is anonimous?
Comment by lscfa on Nov 01, 2019 4:56pm
I think people are looking at the net income line and seeing that Q3 is down from Q2 but Q2 had a bunch of one-time non-cash items. Co. should change its presentation and show an operating income line......       Q3 Q2 Rev 18,823 16,580 ...more  
Comment by ValueCap on Nov 01, 2019 5:25pm
I agree! Operating income was much higher, owing in part to GA and marketing down from synergies. Even ex vimovo US the company is in a decent position  Nothing changed since yesterday, then $20k in selling in the last half hour drives the price down.
Comment by Marathon11 on Nov 01, 2019 6:06pm
Just ignore it in the short - medium term. The so called pros have been manipulating the share price for months... since around the acquisition and probably before. The Vimovo news was the canary in the coal mine opportunity to create an artificial panic. They can cross to themselves through multiple accounts and take the share price anywhere they want to try and accumulate and shake shares loose ...more  
Comment by lscfa on Nov 01, 2019 5:26pm
Investors are getting confused with distorted accounting no.s and distorted cash flow no.s. Must rely on adj ebitda no.s......       Q3 Q2 CFO 6603 1457 Cash INT paid 1479 1517 ...more  
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