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Thursday, December 12, 2019 3:04:22 AM
The way I see it PRED may now be in a vicious cirle. If the pps had been 10 times what it is PRED could have made very attractive acqui sitions, paid in stock and improved the chance of success that way. At the current market cap that is not an option.
China holds promise but we really have no real knowledge regarding the chance of success. A lot seems to hinge on the ART guide right now. In the middle of May we may get an indication of sales.
My experience from investments over decades is that a negative trend often tends to reiforce itself with an end result that is worse than what seemed likely when the negative trend first manifested itself. Give a dog a bad name.....
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