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Friday, February 03, 2017 10:21:40 PM
Even compared to $1.90 in early December, the stock is far cheaper today at $4.30 given all that is now known.
So the question is....Why haven't some very deep pockets jumped on board and bought a big percentage of the company at this current price?
I am relatively certain that if I had the money I could buy 2 or 3% of the company sub-$5. That would be about 800k shares.
The walkdown from $6 over the last several weeks was done very professionally but I still would have thought that 1 or 2 or 5 individual buyers would have bought and bought and bought until CNAT was at about $12 by the start of April. I still think it goes up significantly over the next 2 months and then pops even bigger on the trial start/Novartis signing.
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