I still expect the price to go down due to the reverse split.. the reason is simple, for this specific point in time (not what MIGHT BE), they have nothing to sell, nothing close to being ready to sell and they are priced as if they got something closer to getting ready to go than just getting started.
See I don't get wrapped up in the 'cash on hand', future potential when a company is in this stage. Now now saying the market and some others aren't willing to pay $5/sh right now, but not me... There is one that I hold that was going for $9/sh a few years before the phase 3 even started.. I bought a bunch of it shortly after the ph 3 started for under 30 cents/sh. All those that paid much higher kept arguing that the market had it 'wrong' that it was worth more than 30 cents. Kept trying to tell them, it may be, but the market doesn't care what you think, for its at 30 cents...
Same here, with time, we will know where the market bottoms this one out.. IF it holds above $3, I will be surprised (for reasons that have nothing to do with cash on hand, what it might be worth after an interim readout on a phase 3)...
So we will see. Might be surprised, might be a lot more willing to pay $3+ than I anticipated, or a lot less than you did... Market will let us know..
But, at least this phase is closed out and we will see a low price determined... and I can then decide how I want to start participating again.. Just wished we have more clarity on the timelines for the PH 1 to complete, ph 2, etc. Cause I'm a thinking the ph 1 (and will it be a combined ph 1/2 trial??) will take 6 months minimum to run/data scrub...
and since its pretty much a 'yes or no' outcome, could they get away with just a ph 1/2 trial due to the need for what they are trying to do?
