Tuesday, May 07, 2019 8:42:14 AM
On May 6th the company the announced the hiring of two IR firms, http://protokinetix.com/news/2019/may6/ Burdell Partners LLC and Murdock Capital Partners.
This is a welcome bit of news. First of all, these do not appear to be traditional IR firms, they are more like corporate advisers. Murdock is a merchant bank with a deep experienced team. https://www.murdockcapital.com/murdock-team
Advisory Board - Murdock Capital Partners
This looks like a firm that is grooming PKTX to take their story to institutions or help find them an appropriate suitor for the inevitable buy out.
Burdell Partners offers a wealth of services as well, https://img1.wsimg.com/blobby/go/ed001931-f901-42e1-a9e2-ba7c5f167196/downloads/Burdell%20LLC.pdf?ver=1557175470961
They are plugged into a global network and also have an affiliation with a high level consulting firm. It would appear that Burdell is in the picture to help with international exposure and potentially helping explore the possibility of uplisting.
I've mentioned the parallels between CSBR and PKTX many times. This is yet one more example. CSBR brought on an IR firm in January of 2017, at the time their stock was trading at in the high 2's. Not long after the stock began trading higher and with increased volume. Just like PKTX, they had a great story and technology, they just needed a bigger audience. It will be interesting to see how this plays out, but I would imagine we will be seeing PKTX embarking on Trade shows, road show and media tours. This is just the next logical step in a company that is growing up.
FEATURED NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM