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The Chief Medical Officer appointed today has the exercise price at $1.71 per share for his 200K shares of stock options!
That's good cause I finally added some more @ 1.65 earlier today.
Wow, something up! 39,900 shares bought at $1.7132 at 16:09:29 of the AH session!
I actually wished the MMs manipulated the price to break down $1.6 in order to load more cheap shares at the lower price levels!
The book value is $2.68 per share and the cash value is $3.26 per share based on the current 10-Q released on 11/01/2013.
Think we might touch that new low today. $1.62 held last time. Let's see this time.
Then you should consider to sell the shares ASAP! Anyway I'm adding the large amount of shares all the way down...
Good news? They are jettisoning things to keep the plane up and buy them time before it crashes. They are not doing it because things are going well. They are doing it because they are in trouble.
Sounds like it should be. Hopefully this picks back up again soon.
Very good news for all the shareholders and the company's future!
6:32AM Coronado Biosciences announces personnel realignment, including appointment of Kevin Horgan as Chief Medical Officer (CNDO) 1.71 : Co announced the appointment of Kevin Horgan as its Chief Medical Officer. Dr. Horgan will oversee the company's clinical development programs and regulatory and medical affairs activities for its lead product candidates, TSO (Trichuris suis ova or CNDO-201) and CNDO-109.
The co also announced today a reduction in force affecting three officers (its Executive Vice President and Chief Operating Officer, Executive Vice President of Scientific Affairs, and Senior Vice President, Finance and Chief Accounting Officer) and two staff members. Our decision to reduce personnel is driven by the recent disappointing results from our Phase 2 TRUST I study in Crohn's disease. This action was difficult but necessary to conserve cash and realign our organization to work more efficiently as we advance our two clinical programs in autoimmune diseases and cancer."
The bid was $1.74 and no fill at all in the AH session! Up tomorrow!
I was taking the MM's manipulation opportunity today to add more cheap shares to my accounts! I plan to sell mine at a price close to $3!
Let it ride. Check your account next Friday, it will all be jiffy!
Cheers,
PEC!
You're right. Just a typical correction day! $1.72 is much higher than $1.65 anyway!
$1.85 hit in the AH session! Extremely rarely to see the gap up for any OTCQB stock anyway vs very often for the big board stocks...
Not likely and really not wanted. Slow and steady wins the long term race. This ain't the OTC BB. LOL.
Cheers,
PEC!
We might see the big gap up tomorrow! $2 will be tested very soon...
TOLDYA 48hours till CNDO BREAKOUT. Watch and learn girls.
Yes. New daily high $1.86 just hit! More new highs very soon...
New daily high $1.75 so far! Bottomed out at $1.6 with very strong supports at $1.62 and $1.65...
You seem to be having a problem understanding my point. What is so important about a PPP? I don't get it! The 10-Q is much much more important than a PPP... Why is that so hard to understand?
You seem to be having a problem understanding my point. I'm just asking why the Powerpoint presentation was removed from the site. Why is that so hard to understand? It serves a different purpose than the 10-Q, if only to consolidate main points of discussion. If they were not useful than no one would post PP's and they just say "read the 10-Q" but they don't. There is a reason its gone, and I'm asking why.
The 10-Q covers everything! Why do you still need to see that PPP?
I don't mean the 10-Q. I mean the Powerpoint Presentation that was posted on 9/14. Its gone now.
The 10-Q already came out on last Friday! So that action is right...
Pig worms (Trichuris suis; TSO) do not live long in the human gut, so why did they go with them and not the human whip worm (Trichuris trichiura)?
I would think efficacy would drop off faster with pigworms (porcine) than its human counterpart, if it was within the 12 or 24 week trial period. Could this be why the recent trial results did not reach statistical significance? From an article descibing the difference between the two:
"..Clinical trials on helminthic therapy are particularly difficult to arrange because helminths are live pathogens and have not been officially approved as therapeutic agents by any governmental agency, although the U.S. Food and Drug Administration has granted pig whipworm (Trichuris suis) the status of Investigational New Drug. In contrast to human whipworm (Trichuris trichiura), the porcine variety cannot survive inside the human gut for very long."
http://www.scientificamerican.com/article.cfm?id=helminthic-therapy-mucus&WT.mc_id=SA_WR_20101207
Anyone notice CNDO took down the presentation on their website? It was used for the Sept conference, so it not really dated material.
Yes. $1.62 has formed a very strong support after the 10-Q report...
I never got an order to go. I chased it back to 1.7 before I finally threw in the towel. I think it's looking pretty good for next week though.
LOL, the MM manipulated the price down to $1.67 closing today by selling only 100 shares at $1.67 after the investor's buying 24,964 shares at $1.68!
No more! Huge upward gain potential vs the minimal loss possibility!
Sure does look like it's recouping a bit.
CNDO can easily surge 100% from the bottom price with such strong financial data (CV and BV etc.)...
Do you think 1.62 is good enough to add more? I'm wondering if it might do a little more before opening on Monday.
The cash value alone is $3.33 per share vs the book value is $2.74 a share from today's quarterly report! CNDO is the cheapest big board stock forever...
It's really close and holding. Not a lot going on. Hopefully this is the bottom for now and the near future. It would be nice to see at least 3.00 again real soon.
Up 4.19% so far! CNDO is the mostly undervalued bio-tech stock! Extremely oversold and extremely undervalued: cash value alone is $3.33 per share and $2.74 a share book value!
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