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I think many of us here share that perspective.
Thanks. Makes sense. I agree with your overall line of thinking.
With volume too. What do you suppose that is all about.......anyone?
TIA.
Oh, I think they are not telling us all kinds of things. This is first and foremost a research and development company. Marketing a necessary, secondary annoyance.
Oh yes. You are not the only one saying that. I agree.
I first heard of ONVO on a famous long-running Canadian CBC Nature and Science TV documentary series called "The Nature of Things", with Dr. David Suzuki (geneticist and environmentalist).
He visited an ONVO university lab in the U.S., where indeed he and the university lab scientist were discussing exactly that option - the ability to order replacement parts for the human body in the future through ONVO.
I was so struck by the fact that a serious Canadian scientist and documentary-maker would mention a commercial public American start-up company, that I immediately investigated ONVO. Suzuki is not a flighty or commercial kind of guy.
Have had most of my joints replaced already (working on the last ones), so my friends and family already call me the "bionic woman", but if I needed a new heart, kidney or liver........another matter altogether.
I wonder if a single-payer system like we have in Canada would help the development of game-changing medical developments like ONVO is working on. Might be cheaper to give all us "baby-boomers" new hearts, rather than look after us for years in long-term care. And the open-heart surgery required might be faster, easier and cheaper than what is done now, and more long-term effective, with better outcomes and fewer complications.
That seems to me a sensible analysis. IMO, this is still an innovative, game-changing research and development company, making slow but major moves into sales, but sales explosions remaining a future scenario for patient investors.
Anyone who wants instant bling ought to invest elsewhere. ONVO is not developing and selling IPhones.
When the Department of Defense gets interested in ONVO, it will be too late for small-time, start-up investors, altho the D of D remains more interested in weapons than rehab of vets.
This type of work between Organovo, Yale, and Methuselah is so important and significant (and yielding good results).
Investors just have to be patient. This is a long game, but also a game-changer.
This is very good news. Thousands of people suffer significant tissue/muscle loss from injury, illness (cancer, "flesh-eating disease"), and currently have few options for repair.
thanks, alvie. nasdaq is also showing it trading.
is this trading today? many thanks.
It's a volunteer thing, for those interested.
The fact that there is not a lot of "bling", trading or traffic here is probably more due to the fact that this is a small bio-science-based R + D company. It does have products to sell (perhaps a huge market in the future), but the R + D comes first.
Many investors/traders/posters just don't have the patience for the long R + D process of a small bio-science company, no matter what the future potential is. Not enough daily excitement.
I'm not sure there is enough trading here to even make "charts" useful, valid or reliable. However, some people like them, regardless.
IMO......this is a good "wait-and-see" stock bet. But not much drama, in the meantime.
Brief, fleeting, generic mention of 3D bio-printing, but really Remembrance Day focus on the military, vets and rehab.
PBS TV out of Buffalo tonight at 10pm EST. "Military Medicine: Beyond". New episode.
Cannot promise they'll mention Organovo or related work, but that's how I first heard of ONVO. Canadian public TV series, "Nature of Things", mentioned company when discussing/showing process of 3D bio-printing of prostheses for war amputees.
I'll watch, report back if anything related to ONVO.
If you go and are willing to report back your impressions to this board, I am sure many here would appreciate that.
It's a long drive for me from Toronto!!
Many thanks. I hope they discuss/present some medical stuff. Having worked all my career in the health field, it is of great interest to me.
AGM is Wednesday, Aug. 17th, at 9am. It should be open to all shareholders.
My apologies. Found the actual notice sent to me.
Looks like AGM is the 20th, this coming Saturday.
Does anyone remember, when is the AGM? Sometime around now.
Many thanks. Not enough coffee here.
yes. me too. thanks again.
thanks to you and admin. up and running.
can we get the stock price chart up on the board please, now that we have switched to nasdaq?
many thanks.
New Canadian Prime Minister, mid-afternoon today, instructed his new Cabinet to lay out a plan to legalize and regulate marijuana in Canada asap......a priority for new federal government.
May explain late afternoon price rise. Hit the news about the same time.
on the contrary - governments and businesses often put out controversial bad news on a friday evening, hoping no one will notice it, going into a weekend.
My point is the the Globe doesn't usually do "theatre" on penny stocks. There are hundreds of theatrical penny stocks out there. Not usually the focus of the Globe and Mail.
I agree with a recent poster. Amazing entertainment.
Could just as well see class action lawsuits against the Globe and Mail. Both might be equally justified.
In fact, what the heck is HC doing, for that matter??!! Questionable behaviour on the part of every party in this fiasco.
Do not underestimate the venom of Harper's PC government, as may be reflected in the responses of HC to FITX.
Anything is possible.
I do find it beyond interesting that there is such a public fight over this company, including the usually discreet and conservative Globe and Mail.
Even Jim Cramer, whom no one could call discreet, makes it a policy not to comment on "penny stocks" (anything under $5/share), because he knows his comments could cause wild swings in share price.
I see it as so inappropriate for a Globe and Mail reporter to be publicly commenting (attacking) in print a penny stock company, regardless of his own private opinions.
There are hundreds of questionable penny stocks out there. Why does he pick on FITX?
I think questionable political motivations remain to be revealed on all sides, including those of the Globe reporter and management. Southwestern Ontario is a Conservative stronghold. The PCs need the votes there in the upcoming federal election.
Yet, Sandra Pupatello, a former star in the provincial Liberal party, publicly backed FITX as an up and coming business in Essex County. Sandra is currently Director of Business Development in the region.
Regardless of the outcome, I think the ugly details of this "conspiracy" and circus have yet to be revealed, and I don't think it is only FITX's reputation that is in question here.
Amazing huge "public storm" over a penny stock. Please don't tell me this just represents journalistic integrity. I doubt it!! Why is the Globe and Mail even involved in discussions about FITX, a penny stock?? Fascinating, and very questionable.
I wonder if we'll have the same fiasco over the MJ start-up George Smitherman is backing in Toronto........also a former Liberal star.
Really??!! I've never experienced 18-20 hours of darkness, and I've lived in different part of Canada all my life.
You do realize (of course you do) that Windsor/Lakeshore is the same latitude as Northern California.
thank you. that is actually helpful info.
pps down on only 4,000,000 shares traded means little.
Insensitive comment for anyone watching what is going on in Ottawa today. Today's Ottawa events only reason FITX stock is immobilized/down today. Imagine most Canadian stocks, except maybe defense, are stuck or down today.
also means a conditional pass.
As someone who has been through many Canadian health licensing processes, that is a very standard assessment report, ie. "basically ready to go as soon as you address the following deficiencies".
You just gotta wait it out folks.
Yes. Nice to see you back. Thanks for the observations.
OR the way to counter the individual growers' claims that they cannot afford the industrial-strength producers' prices is to licence more and more large producers, to help bring the large producers' prices down.
Scale and competition likely to reduce product price.
I wouldn't call such low volume enthusiastic anything. And pps is holding its own through 2 down-market days.
Monday is a civic holiday in province of Ontario, so if trading by Ontario-based contigent less than usual, does not indicate lack of enthusiasm. Reflects the fact that many in Ontario are at the cottage for a long weekend here. Many have already left town for early start.
fire at a huge food-processing plant, unrelated but in the same region, will hold down pps today.
If you watched the documentary last night on PBS on the development of pain control in medicine, you would see how important dentists were to that development.
Dunno. Certainly something about planting, harvesting, sales and distribution.
That does sound like fast-tracking. Thanks.
If license approved, I'll be happy with .20, but that's just me.
News from the municipality around re-zoning approvals might bump it up a bit from here. That would be a good start to upward movement.
The closure of the local Heinz plant was all over the news last week, so I would think the municipality, the province and the feds will want to do whatever they can to support agriculture, manufacturing and employment in that region.
Southwest Ontario also has a strong Tory base, so feds should want to keep their support in that region.
I agree with you. Short week in both US and Canada. Not the best week for trading volume. I expect it to be a slow week.
Maybe later in the month.