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U still holding? This was a blood bath. Down 80% .. Even I didn't think it would be this bad... My portfolio is ruined.. No way i am buying more this stock has proven to be the worst investment i ever made time and time again... I'm hoping we see a rally to around a dollar but things are looking grim
I really value ur Insight and TA and i have been following your advice for a while now .. That being said I think you are being very overly optimistic about pps... I would not at all be surprised to see this drop at open or even pre market to below a dollar and not make much of a recovery.. Look at how hard we dropped last week due to some BS seeking alpha article? Dropped Over a dollar and now when we have legitimate bad news i believe it will be much worse... I think we will see a bit of a dead cat bounce as shorts cover around .70 or lower and maybe rally up near a dollar. There will be very minimal buying pressure and many many looking to sell... I hope I am wrong and we don't see a falling knife scenario but lord knows its happened here before.. From 6$ down to around less than 2$ because of a AF article followed by negative news from the FDA... Seems history is about to repeat itself... I pray to god im wrong and we open around 1.70 like you said so I can get out of this without destroying my portfolio. Do you think I could be wrong? Why do you believe it will stay above a dollar? I would like to know so I can salvage as much as possible thanks in advance
It does seem strange but if pvct was encouraged by the FDA to apply for BTD as I believe they stated early this year . Why didnt they design the end points (primary and secondary) to appease the FDA ? Seems short sighted. Admittedly I am very bitter about this now and don't mean to bash the stock but I am simply frustrated at the outcome and the way things have been going with this lately
Drug is great but if it doesn't get brought to market it doesn't matter how great it is. How long until we run out of cash and what happens to the pps in the next year or longer waiting for approval? I'm legitimately asking but fwiw I think the future is not very bright for pvct . They bet big on this BTD and got shot down shorts will have a field day tomorrow IMO . I'm going to try and get out before the bell
Well said.. I too believe in the validity of PV 10 but the sad reality is that it may never see its true potential. it should have been a no brainier to approve the BTD for a drug that works very well and has no real side effects, especially when dealing with a disease state as deadly and untreatable as cancer. IMO this was proof that there is a vested interest in keeping PV 10 off the market for a while. Now their only option is to do a phase 3 and try to get approval. Despite PV 10 being an awesome drug this process will take at least a year , probably more. In that time many other cancer treatments will likely become approved and put to market. I believe this time frame will greatly devalue pvct because Pfizer and others will find other oncology products to fill their pipeline and the market will be saturated with competition and all the big players will likely already have a strong oncology line before pvct is approved ..,
in short the delay in approval will make pv10 much less desirable and thus much less valuable. If you have years to sit on this for a much smaller % gain then it is probaly a safe bet that eventually it will get approved. I don't have that kind of time or patience unfortunately .. Too many other promising drugs and companies that don't have all this short attack nonsense to deal with too... All imo
Personally I would sell.. It will now take forever for PV 10 to get brought to market which will eliminate most if not all acquisition interest. Here is the process as I see it:
Next month: Announce that they will begin formulating a phase III (maybe not even)
Later this year: begin recruiting and setting up trial
Early 2015: carry out trial ( if they are smart they will make it longer and with more patients to appease the FDA)
Q2 or Q3 2015: trial ends .. Maybe not even until q4
Q4 Submit to FDA:
Wait wait wait for FDA.. Will take a while
Then hopefully get approved, but the company has no infrastructure and 5 employees so they won't be able to do anything with the drug until a buyout which could take god knows how long, and with the rate other cancer treatments are progressing I believe pv10 will be either outdated or otherwise inundated with competition that has already been approved and implemented by big pharma...
The only saving grace would be if they partnered with a pharma company to help them bring this to market which at this point is highly unlikely....
Completely just my opinion
Anybody have a different vision?
I'm thinking they announce a fire sale , cut the lights and run off stage.
Ridiculous that the FDA doesn't think it provides a big enough advantage over competition. It's just proof that the FDA and big pharma are corrupt. I personally think it had a lot to do with the fact rose Bengal is basically a dye and the big money is cancer wanted to block them out .. IMO the future is pretty bleak for PVCT . Can't believe I'm agreeing with the bashers but I've kept the faith in this company for so long and been let down hard many times .. This was almost the exact same thing as last time, huge short attack followed by legit bad news from FDA requiring ..I'm moving on best of luck to every one, I had really high hopes for this drug but even with the uplist I'm betting this will drop back into penny's throughout the long drawn out process to approval, which will probably take years.
Are you getting out as soon as the halt is lifted ? I know we will see a huge drop , just wondering if we will see a dead cat bounce at all
Me too.. What do u think happens when it unhalts? I'm think below 1$ for sure .. Any body care to share an exit strategy ?
Wow this is a disaster .. I can't believe they didn't get it .. Guess it makes sense with the way things have been going .. Well there goes my investment . I'm out for good when this thing unhalts
Oh man im nervous... Keeping my fingers crossed for good news! Does anyone know if that other company that just got BTD was halted before news ?
Ya im thinking the 10Q isn't gonna be very good...they have been seriously delayed and it seems the company is diluting... Which would be stupid if they really have the rev they claim
Jesus this is terrible... I don't know what else could go wrong, its one thing to bash the stock but now two law firms are investigating? I hope we arnt in real trouble here boys but this is making me nervous...
Pre market not looking great.. We really need a green day here IMO .. Also my ihub news finally updated, anybody look into this law firm that is supposedly investigating PVCt? Seems ridiculous to me , the shorts are really going all out on this one... I'm really hoping we get the BTD or things could get real ugly fast... Still confident in PV 10 i just have never seen such a coordinated and sustained short attack on a legitimate company before .. Fingers crossed
Thank you for answering this.. Makes me feel a lot better.. Havnt sold a single share ..
Great response but nothing about the patent expiration? That's mainly what I'm worried about, the rest is just conjecture
I think that's one of the reasons they love to attack us , pvct does nothing to counter the attack . Or if they do it's too little to late
I'm at work can't call the company .. Short attack or not if the patent expires in two years that kills our chance of a buyout period..
Jesus they r relentless.. What was he talking about ties to paid promoters ? And is the patent really expiring in 2016 ? I hate to be influenced by these short attacks but the patent thing is a bit disturbing if it's true because rose bengal seems to be pretty easy to come by or synthesize.. Anybody know ?
What is with all the trades showing to grey on I hub ?
Ur right.. Being in the pharma industry i have seen unsafe and barely efficacious drugs get approved and great drugs get delayed or even denied approval. Big pharma has a lot to do with what gets approved and what doesn't. In recent years however, the FDA seems to have focused heavily on new oncology drugs which as I understand it is the reason for the BTD program in general. And If anybody deserves BTD it is pv10.. Let's just hope the FDA sees it that way.. Fingers crossed amd holding
Where did this come from? As much as I hate to admit it does make some pretty valid points. While I am very optimistic about PV-10 I would not be shocked to see that the FDA requires more info. on the other hand rose Bengal is not new by any means and has been used medically for like a thousand years.. It will be interesting to see how the BTD pans out.. I know we will get approved, the question is how many more hoops will the FDA make us jump thru.. Hopefully this is the last one..
Makes me wish I sold some up in the threes and bought back in .. I honestly thought we were gonna see a gradual ramp up in pps until approval announcement. That's how it usually happens with FDA approval .. Here we are like 3 days away and the pps is down almost a dollar a share .. I still have faith in pv10 but I've never seen a stock trade like this so close to an expected decision .. Oh well keeping my fingers crossed that the PPS will follow the value of Pv 10 soon
That's kinda my take on it I don't think it would be the other way around, if they were even a bit doubtful putting something like that on their website would be downright wreck less .. All signs seem to point to provectus being confident in BTD.. They may already know the FDA decision IMO
Hopefully with all the volume we had since uplisting that more stable hands are holding now and Adam will have less influence.. I think if anything that info bodes well for the company. that was a pretty poorly written article, even for him. I doubt it will have a large impact but if it does I will add more on the dip haha
I was wondering that myself
I'm no expert but are you sure he didn't just exercise options that were going to expire? Thats what seems to be the consensus on the yahoo message board .. http://finance.yahoo.com/mbview/threadview/?&bn=18a6f803-b524-3418-872e-40aca987971a&tid=1400590807413-fd2d0889-4d88-479c-9607-e75c22251bf0&tls=la%2Cd%2C3%2C3
That being said the PPS isn't looking good today
Holy shit thats bad news.. When did this happen?
My average is about 2.20 so I think I will prolly sell a considerable amount of mine if, heaven forbid, we don't get BTD but I will buy back at lower amounts for sure. Because it is just a matter of time before PV-10 gets out to the world and starts making a huge impact. The PPS will follow one way or another. But I'm remaining calm and confident that we will get BTD.
I'm not sure .. Most of my opinions come from my knowledge of the pharma industry because thats where i work. From that perspective I know that buyouts can happen rather abruptly especially with smaller companies. Provectus seems to be set up for a buyout and already has the attention of big pharma. That being said their is always red tape to cut through in any merger/acquisition. It might be quick but I don't think it will be less than a month or so. I'm honestly planning for a big run up if /when we get the BTD then a bit of a sell off or maybe a full blown short attack. but then things will blow up for a buyout.. I'm planning on selling a bit after BTD and holding free shares for the buyout but this all depends on price and obviously a lot of other factors... What do you think?
Of course . I mean it is definitely a gamble because the Breakthrough drug approval rate has been less than favorable in the past but as someone said earlier , those who are long are betting on the drug not necessarily the BTD approval from the FDA. The fact is PV-10 is an amazing drug with great efficacy and very minimal side effects , which is huge in oncology. Furthermore it has the attention of many big pharma affiliated doctors (namely Pfizer) who has been gettin desperate to expand their product pipeline ever since AZ turned down their 101billion $ buyout offer. .. I think we have a good chance at the BTD , but endgame for me is gonna be a buyout . Just have to be careful of short attacks b/t now and then .. Sorry for the long winded response.. All IMO
Ya but this stock has a history of heavy manipulation by shorts.. It often doesn't respond as well as it should to impending news . We have had a huge bear raid in the past while waiting for news and I think many are cautious of this.. However those of us that have done our DD an have been here a while believe in the potential of pv10 and when BTD decision is announced in a few days I personally believe we will see big gains.
I guess it's possible but I've been here for like 5 months and it's the same story .. No news no movement except or one day pump and dumps .. Best of luck to you I've just had it with the CEO and the way he runs this stock
Jesus this just keeps getting worse and worse , anybody see this turning around ?? I hope so but by the looks of things we are headed back to sub penny's
Wow game over for this POS .. Even the most loyal cheerleaders have moved on.. It's hard enough for real mmj companies to run these days. Much less one that has no connection and nothing going for it .. Time to abandon ship IMO
Pretty ruff day all things considered . I thought the up list was going to finally stabilize things, seems shorts still have some control. Hopefully next week is better heading into BTD. I still feel confident in pv10
I'm not liking the NYSE so far haha.. What happened to all the institutional interest that people were talking about ? I really hope we don't drop below 3 again. Was hoping to finally start ramping the pps up for the BTD decision
Mine shows the same on scottrade .. This is a strange day for sure , hopefully this all stabilizes soon
Anybody got a L2 screen shot ? I'm on the road