Post by
stocksarefun on Dec 14, 2021 3:13pm
Down 30% off the highs
Anybody have insight into where this ends? We're assuming third party data news is the kicker here. But as the share price continues to slide, doesn't it imply that our ability to uplist becomes increasingly difficult?
CEO clearly wanted to send a signal to the market that everything is ok with that 2500 share purchase on Wednesday last week. Didn't work. Still in freefall.
Not nervous, but concerned, as I still doubt anyone here or their respective circles of friends/family haven't sold a share. Most that I know have actually bought more.
Comment by
TheBearInTheWoods on Dec 14, 2021 10:03pm
I think that any opportunity to buy at these depressed levels before first dose of Phase III is a gift.
Comment by
stocksarefun on Dec 15, 2021 11:09am
No concern whatsoever about fundamentals. based on the achievements in the last 18 months, this should be a $15 stock if not more right now. The question is... why isn't it, and what forces are at work to prevent that from happening. There are a dozen stocks in my portfolio that I feel are >50% undervalued. But is patience our only antidote?
Comment by
Antonius2 on Dec 15, 2021 3:25pm
Large institutions are constrained by covenant issues regarding drugs in phase II and also by the thin float. Once phase II trials are independently verified - we should see substantial volume movement with upward price activity to align us with a proper valuation.