You're quite welcome, thebunkies. Regarding the stock being in a trading range of roughly 3.8 to 4.7 cents for recent weeks, you might see similarities to a few months back when the stock was in the trading range of roughly 1.8 cents to 2.4 cents. At that time the big question revolved around whether the large increase in authorized shares (necessitated by loan covenants in regard to Typenex) would be the precursor to a large increase in issued shares, in other words the dilution risk. When that matter resolved in the direction of no dilution via loan repayments, the stock bounced into its current trading range pretty quickly.
...and as I pointed out in my first response to you, I would believe that the stock will break from its current trading range when company has managed its infusion of equity capital. Remember that the stock right now is selling at only about two percent of its all time intraday high.
FWIW, the most informative document you can read is the company's 10K of last September, particularly the paragraphs about risk factors. I would believe that the greatest risk factors in descending order would be:
1. How FDA regulation will play out (very likely to play out in a positive fashion - go look at RPH's recent post on that topic).
2. How successful the company will be in protecting its intellectual property.
3. Whether the company will grow beyond its "family company" nature, as I think they are in great need of some outside directors.
4. Though not mentioned in the 10K, I think it is a risk factor that the company had been played as a pump and dump. I hadn't thought that a second P&D is possible for the same company until I saw this with AXMM in recent weeks. There is no motivation for the company's leadership to behave other than in an exemplary fashion, so I think that this risk of a second P&D won't materialize.
Again, let me welcome you to this discussion board. "Nobody died and made me king" here (somebody once wrote that I come across as "self-important," so I'm still repenting), and I'm not the best poster here (I'd vote for Sgreg), but I can tell you this is a good place to exchange views with people who won't jump all over your case if they happen to hold a different view.
