Thoughts on pps...
My first thought is to say that I have no idea what will happen. I've been wrong before on this stock; all I have is conjecture.
Put simply, we have two major stumbling blocks on the way to dollars. The first one is immediate: the Maxim ratchets, which kick in at .053-ish and kicked our butts all the way down to .021 the last time we challenged it.
The second one is much farther down the road at .85, when the outstanding warrants kick in. But we can cross that bridge when we get to it.
3.00 is never going to happen without overwhelmingly positive news on PV-10 Trial 3, pure and simple. That will make the company worth something, and it would solve financing woes. $3 is a distinct possibility then, although realistically we cannot put a meaningful number on anything now, without such results.
While I am as frustrated as anyone that .04 is such a tough nut to crack, it isn't so much that we are held down as we are simply lacking buyers. Volume is just too low to move us. As more data trickles in, however, these days of miniscule volume have added up. Our lows are higher since September and our highs are higher. This is very good; it suggests more solid support.
There are two positive scenarios here: one is if one piece of overwhelming good news muscles us though the ratchets. If that happens, this should have a very easy ride up to .85, when it hits the warrants.
The other positive scenario is that there is no one blockbuster piece of news, but we keep getting a steady stream of mildly good news. Eventually, the cumulative effect will get us past the ratchet price.
There are also numerous negative scenarios too, which we need to acknowledge, but I'll keep this to a pep talk.
Keep in mind: those who held this through delisting are deeply underwater, and are unlikely to sell now that things are taking a turn for the better. Those who got in at basement levels (and .05 is still a basement level) have no real reason to sell either, with a Phase III underway. The support on L2 has been gradually thickening day after day.
As for the patent, it is just one more of about two dozen PVCT holds. There was little price movement when a patent was awarded last month, although some buyers did appear. So, I don't expect another patent to do much. But it is one more piece of "mildly good news" that "positive scenario 2" above is predicated on.
It's tough to be patient on this, I know. But the pace of news is starting to quicken; it is having a subtle effect.
