Wednesday, September 30, 2015 1:01:22 PM
Only started watching RNN myself during the last few weeks because of some the recent reviews from others who's viewpoints I think are good. Haven't bought in here yet - am in the 'thinking about it' stage.
They have no revenues yet,.... but that's nothing unusual for a company at this stage.
They are probably going to have to do a capital raise in the near-future as the cash burn is high, cash reserves are not huge, and because going into a Phase III testing is only going to push that cash burn to a higher level. So there is continued danger of near-term dilution for shareholders even though in the longer run it is likely to still net the patient a gain.
The reviews do appear to be generally good. But fact remains - they are a good distance from being a revenue generator, so I think that the market reflects that reality.
I suspect that they'll get a boost as the current clinical trials finish out, but unless somebody with deep pockets is willing to bankroll Phase III - shareprices will stay low for a while.
“The two most powerful warriors are patience and time.”
- Leo Nikolaevich Tolstoy
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