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Saturday, February 25, 2017 5:34:15 PM
While I have no plans to sell until 2018 for tax efficiency reasons, there could be triggers that cause me to release small portions. The only trigger I was expecting in the next few weeks was the safety and efficacy studies. Now it seems efficacy will come before safety. However, after Friday's 8-K showed $OWCP has gained $1,624,640 in new financing, we could have a bunch of new triggers.
$1.6M is a lot of money for our careful and thoughtful All-Star Team at OWCP. They could use those funds in many exciting ways. I wasn't expecting anything major until revenue from the psoriasis cream starts coming in Q2 and Q3. As Camelot says, "OWCP could easily drop more hammers!" now with all that new funding.
Will they start up new clinical trials for other indications for the topical cream? Will they start Phase I trials with the FDA for multiple myeloma, PTSD or Migraines?
News like that, which I wasn't expecting to hear about until Q3-Q4, could now come before Summer.
Such an exciting time to be an OWCP Investor!
I agree with your assessment
I'm a trader and I agree this is very risky. It's likely to GAP up to 2.50 at the lowest and then go up from there... This could easily go to $5 by EOD then to $7 the next day....
Remember when it Gapped from low .90s to 1.05 the following Monday it surged up to high 1's and held it all day... never retracing...
This could repeat the same pattern straight to $7. As tempted as I am to flip, I'll likely hold.
Great thing about OWCP is it's money in the bank!
Know What You Own. My posts should not be construed as investment advice.
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