I'll confess, I do watch the price daily multiple times and certainly prefer up days to down, but I don't intend to sell at any time in the foreseeable future, and would consider buying more if the price fell dramatically. Do I want to buy more, not really as I don't want the price to fall that far, but would I, yes.
I know that among you their are investor's who'll buy and sell daily on a few cent gains, and some of you have made substantial money in doing so. That's fine, but most people I know who daytraded eventually had very bad days where they misread the market and either took a huge loss when the stock price dropped dramatically and they sold, or when they sold a substantial position only to see the stock rise dramatically.
Given the stock's history, I believe that on any given day our stock could rally to a price well above a dollar. I cannot tell anyone when that day may come, but I certainly believe it's not only possible, but likely if the company either established a major partnership with a company who's name everyone recognizes, or perhaps on the revelation of trial results and a plan for sales in the immediate future.
Of course this may not happen, we may simply have less impactful news trickle down and gradually increase the price. A partnership with XXXXX corporation, which no one had ever heard of, could be very profitable over time, probably more profitable than a similar partnership with a major Pharma or Biotech, but it wouldn't have the impact of a partnership with someone everyone recognizes like perhaps TEVA or Pfizer which were rumored previously.
I just read where the Surgeon General has seen that their are benefits that can be derived from cannabis, but cannot endorse smoking it under any circumstances while he's advocating not smoking cigarettes. What do you think he'll say when he learns of our sublingual tablet and finds that the company can formulate it using any or all of the over 200 compounds that can be extracted from cannabis. I'm not suggesting that the company currently has many forms of the tablet available, I doesn't, but once the tablet is proven as a safe way of administering whatever formulation they're using, other formulations should be easily created and tested.
Don't get me wrong, I believe the psoriasis cream, which should be our first product on the market, should have blockbuster potential, but in a variety of formulations I believe the sublingual tablet will be many times bigger, perhaps hundreds of times bigger. OWCP is not intending to sell the products directly, but even a tiny percentage of sales will equate to hundreds of millions to billions of dollars in earnings from just these two products. Remember, they have other products that are not as far advanced as these two.
Look at the timeline. I certainly don't know, but I believe that the company is considering sales of these products once they're proven safe in the Phase 1 Trial. As I see it, that could have the cream being sold in the second quarter, and the sublingual tablet by the end of next year. Should that occur, I cannot imagine OWCP having a market cap of under a billion, and two or three billion is certainly not out of the question. Of course I could be wrong about when their products will be sold, some efficacy testing may be required by the company, but I don't believe it must be the case. I would hope that user testimony regarding efficacy would become the anecdotal information needed to truly market the products.
Gary
