Hello all,
I am new to this board, however I have been following your posts for about 1 month now.
As to the comments that have been made, I to have concerns about the company's long term financials if the new drug does not get approved.
With that said; if FDA approval does not happen within the next few months, I will pull out. Take my losses and lick my wounds, and start watching the options market instead.
I am not well versed on options so yes I am a nube, as for what will happen if they do not get FDA approval. I think they will only have a few option left at that point. Try and get a life saver investor, sell the company, or sell the drug rights to big pharma, and screw the stockholders.
As for the RS I really hope it does a short term spike o the RS date for I plan to sell as soon as it hits around a 7% gain, from my current price at 1.60 per share. I have 50,000 shares that equates to a nice profit. If not then I have no choice then to go long and hope for good news from the FDA.
Your comment I would like to hear.