Soligenix Inc (SNGX)

[frankforwin]

DOR

I am new on this board. I bought some DORB some weeks ago.
I read the story. I think this is a very funny stock:

Small company
1 product with a NDA in US and Europe

There are many other companies that have a much higher stock
price and are many years away to file a NDA.

I think it is a compelling story with an very interesting
risk/reward profile.

Did I miss someting? Why is the stock price extemely low.

Usually once I heard a valuation parameter that a company
that had a phase 3 drug has a market value of at least
300-400 millions.

Can anyone help me here? Did I invest in......?

This drug has no toxity and side effects?
This has a positive over all survival rate?
There is no other valid treatment except prednisone?