It was on Hot Copper they were complaining about the company not releasing PR after PR like RCAR which was just a share selling scam and COOL which is 33% share selling stock and promotion with the funds. COOL actually has done some research but they have only spent maybe $400-500K.
On Hot Coppper when RCAR was running PR after PR, one being fake saying they won a court case against Avita in London and used Avita's research etc to promote what they were supposed;y doing it went to over 13 I shorted it for a while. Thats another thing company does not mention much is all the other trials for other things and other countries they are involved in, its not your typical pump and dump OTC stock.
And COOL is something way out there 30+ (Mark Cuban was even shorting it I believe), but, its early for it, like all Bio Techs in the beginning the pain has not started yet (dilution, heavy costs), they are in honeymoon mode. There is huge money being and has been thrown at the solution Avita has and others more reaching, its a big problem, but, for new product that actually solves the problem there is nothing that comes close to availability in the near (minimum 4-5 years) future.
I really do not know what Avita will top out at, but, I still believe it (ReCell) will be bought oughtright but that's just my opinion/guess.
The OS is like 32+ mil (x 20) as Avita is 20 of the foreign shares with the float like 12 mil or so, there are some long term institutional and private investors that hold roughly 60%.
We are finally getting attention as I had mentioned in post a few months back its not until near approval that news and stock price rises. If you google Avita under the news tab there are a number of articles recently in regards to Avita being one of the key players, and conferences Avita has spoken and presented at, the company just doesn't PR those articles like most OTC stocks as that has never been the goal to sell shares, the goal was always the finish line and a real solution and product and here we are on the cusp.
Will we hit the valuations the two Hot Copper posters talk about I don't know, 20X current would be lovely LOL but, I will let the market decide I just know it will be well north of here as it is a multi billion dollar a year business and Avita being cheaper and quicker with better results than the many decades old current treatment I am assuming insurance providers will be having the ReCell as a choice under their plans for such injuries, but, that's a guess.
That's what a market is, speculation and nobody knows what will happen as there are too many holders/buyers with different plans. As I said bid the stock if you buy, buy shorts shares and when you double sell 40-50% piece meal and let the lest ride if you wish.
I am waiting for the market to make up its mind as all my 70K+ shares are free from playing the ups and down the last 9 months, so I am in sit back and smile mode. And as I mentioned earlier to longtime holders relax you already won. Peace out.
AI
