Still here Knox and I try to follow as much as I can, just not much to say that hasn't been said. I am no expert and hate giving advice, but one piece of investing advice I was given that has really helped me is that is is always better to average up than to average down. Totally counter to nano biotech investing I know, but in general, If averaging up, stock is doing well, averaging down, stock is doing bad.
1. Sabby still has their 5%. If anything changes we will know by 5/15. They may be lending them to short (probably to their own subsidiary), but they still retain ownership.
2. No, Spidey senses not going off right now.
3. CYTR is currently in no man's land. Hopefully a deal comes through, but no insider or hedge fund buys says otherwise.....these guys always know before retail does.
4. I don't see any reason for a significant PPS drop, but also don't see a reason for a significant raise in PPS. No shares on shelf for offering (gotta keep enough on shelf to cover fully diluted shares). No real catalysts except the hope of other companies coming through or CYTR sale. CYTR is basically doing nothing as a company. Sure it could flex between .38 and .7 if someone wants to manipulate it to make a few bucks.
5. Kman is trying to sell a company with a $20M valuation for $1B. Seems hedge funds aren't buying it.
6. Eventually time will run out and his hand will be forced into either a bad deal or as I have said before, a reverse merger with a private biotech.
I am still hoping for the best and there is a chance....I just don't see it right now.
My plan is to stand Pat and IF the big deal every one hopes for happens, I will chase. Unless of course the Spidey senses start tingling. This is the only time I would ever recommend chasing.....I just see better places to put my money right now. All just my opinions and is in no way meant to be advice to you or anyone. Not a bear or a bull, just calling it as I see it. Good luck!
