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No. They have 10 million in total liabilities, which is not all "debt ". Throw in the 6 million raised here they have a share holders equity of about 9 million. There balance sheet is quite solid
I also believe that stage 2 will be a complete success, but mass production after a phase 2???? The next big news is approval to continue to enroll in phase 2, then they complete it, then do a phase 3 Trial, then if successfully done they can apply for a NDA ( new drug application) then if that's approved then they produce
Well no, they are not exercisable until 1 dollar. So in sense your both right. They could be worth much much more if the stock goes over a dollar, but regardless the holder has a right to buy a share for 1 dollar
With the Wvap much higher than current price and even the offering being much higher than current price, I don't know where you see red coming
There isn't even yet an opportunity for shorts to sell then cover via the offering or warrents going forward
Rsi was over bought. Cooled down nicely now into power zone. Solid bounce off of 100 day MA
RJET just filed for chapter 11 bankruptcy
Lol I just checked nasdaq to see if we were halted lol. No trades for 7 minutes at 10 am after fda news.
With heavy short interest you cannot make a big move up on paltry volume like this. The shorts control this stock right now
But that could always change fast
It has been announced via FDA. It's now public knowledge. That's how we all know
I'm surprised they did not release it today, once the FDA makes it up public, which they did the company has the right to release a filing to inform shareholders.
I am long here and confident. But I am disappointed that the company technically did not inform shareholders of an FDA approval. Kinda important for the "owners" of the company
Crazy how low the volume is here. I know it's higher than normal, but dam. Only a handful of trades in last 10 minutes.
In the long term I see this stock easily breaching it's 52 week high.
In that way I agree. Except no one knew that news
In what way?
Sure, but it would.be more lucrative to sell them privately in block rather than in 100 share blocks.
Is there some sort of phantom bid going here. There is one MM that is selling 100 shares almost exactly every 2 minutes. And there have been trades above the ask that go thru, yet the ask does not change.
Lol definitely the lowest volume I've seen for a FDA approval in a nano-cap bio tech
It just occurred with VP#O. The stock tanked basically.into trips on nasdaq and was halted then dropped to Otc pink. It's actually green since being moved
What I find even more encouraging is that there is another handful of drugs IPCI has with fda that have been submitted near or around the same time period.
We could see a bunch of approvals in short time.
Not to mention there industry disruptive long release pain pills. That truly has technology in it that could be work tens of billions
IPCI. Just granted fda approval on epilepsy drug. News on fda website. Not gone viral yet
Amazing thing is that this approval has yet to go viral. Only 435k in volume on an fda approval. Lol this really is a hidden gem, I got in at 2.02 and have been holding and waiting.
Strong pullback today. Can't last forever with shorts in control. Too much attention and positive exposure imminent.
Yes. But it was 55 for like half a day. It's traded in the 8-15 range lately. Still at good gainer at those levels from it original 1.55
That's exactly what I was thinking. Especially with the heavy short interest.
7+ is possible today
Here weee gooo
That stock is not a good comparison to this one. One is an Otc pink and the other a nasdaq.
The reason I mention the shorts is that sooner or later if the results are good the price will hit the shorts trigger price and higher forcing them to cover and that will increase buying and price, causing more shorts to cover.
Why do you say that
It's very very balsy for the shorts. Unless it's just pure scalpers who are shorting the spikes. Then more power to them.
Unreal the amount of resilience this run up has had.
I say stick it to the greedy shorts here. If they shorted it from 1-3 dollars a share or higher, not covering at 22 cents or higher last week makes them not bears, nor Bulls. But without a doubt pigs. And as they say pigs get slaughtered :))$$$
There are just so many shorts to be covered. This could on for days.
The shorts listed on the 29th, plus a ton of new ones after the earnings, then yesterday there was heavy shorting on the run up.
Everyone has a different strategy. I will say with this volume and such a low float, it does create a day traders dream, no doubt
This is setting up to go a lot higher. Guess it depends on strategy. Either it's a day trade or a swing trade. I see the announcement tommrow, the HBO media time on Thursday coming. I see it as more of a multi day swing trade. Especially with almost 4.5 million that needs to be covered in short interest
You don't announce major 5 year results at a conference, unless they are game changing
It's a bad news short squeeze.
Big funds start dumping hard, that kills.the price. Those funds are also the ones that lend shares to the shorts, that starts a large call for shorts cover and boom
It's not necessarily about being profitable. It's about the prices going up enough to re value there assets ( wells, reserves etc. ). When that happens there credit situation and leverage changes dramatically
Gotta break. 054
It's only lunch time where I'm sitting. So the games have just begun