I have spent hundreds of hours over the past three years completing due diligence on Invivo Therapeutics. I have many metrics not the one metric. I thoroughly believe based upon many hours of research exclusively on Dr. Langer that he is second to none. I also agree there are certain members of the board and management that are world class. Read all my words to completely understand my intent and then answer the questions at the bottom. Perhaps you can enlighten me with fact and not emotions of the herd mentality; which I do not participate in. If you can do that I will admit I was wrong.
I do agree with free market philosophy and implementation but just because a car dealer wants $150,000 for a car does not mean it is worth over $30,000. Your statement about $12p/s is correct and it would also be correct that you could have used $18p/s. You could also have used $3.50 or even $2p/s It is also correct that market makers use complicated and sophisticated algorithms in order to cause volatility. It is also correct that certain people use smoke and mirrors, illusions if you will, to cause a stock or market to move one way or the other. Many times it works many times it does not. Sometimes it is legal sometimes it is not. It is also correct that this stock must stay at $4p/s to remain within the NASDQ listing that it currently has... with I believe a 90 day correction period if it were to fall below $4p/s. It is also correct that the current market maker was chosen because of there sophisticated and aggressive algorithms to keep prices high as possible per Invivo words...not mine.
Now my question again is and I implore you to give it your best try and if you cannot; find someone who can by intelligently answering the following.
1. Can you list for me the items that have affected the balance sheet and return on investment over the last six months that would cause the price to appreciate to this level?
2. Then can you demonstrate that the executives and management are putting their money into the company?
Do you realize the FED increase in December will negatively impact the entire market including Invivo.
3. So tell me how will you feel when an immediate haircut is given upon that pronouncement?
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