Friday, April 07, 2017 12:28:46 PM
Surprised by the price action myself. I think if this was on the NASDAQ or even AMEX, it would be a different story. Like you said, current investors are kinda tapped out in this range. Also, they had $8.4M in bank as of 12/31/16 and they burn about $2.4M a quarter. So I guess that sometime in the next 6 months there is chance of a secondary, but I would say this. At conference this week, Adam stated that they expect to drop the burns data as well as the healthcare economics analysis "within the next few weeks." I'm expect these catalysts will come in advance of any secondary. Regardless, the continued expansion of the compassionate use program is great news. We now have ReCell in over 10% of the burns care hospitals nationwide - and this 10% are the top hospitals.
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