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Re: Biotech Investr post# 204

Wednesday, 08/10/2016 2:25:08 PM

Wednesday, August 10, 2016 2:25:08 PM

Post# of 1067
To dig deeper, if you look back at the history of share price, they were pretty stable in the $1000 to $1200 range. (post split) and they went down hill after the collapsed of the oil price. The potential is there should the oil price returns to above $50+.
At this level, they are making money and many things are goign the way of the company. The loan default should be behind them. The delisting threat from nasdaq because of the deficiency of audit committee members should be behind them with Blue mountain on board.

I would not dare think that the share could run to $70. But to go to mid 20s......the likelihood is there. At the minimum...it should be at $20 (the post split price).

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