For those old enough to remember, Will Rodgers had a simple rule for investing, it was BUY GOOD STOCK.
He went on to say if it went up, good, if it went down, better. Remember you already determined it was good stock.
I can't really say that most here currently believe it's a good stock, but at some point we did, that's why we bought it. Personally I believe it still could be, and yes, I did buy more some time ago at about the current price. I will sell some to establish a tax loss on some of my most expensive purchases, but my average isn't anywhere close to the dollar I-G would have people believing in.
I-G said we'd never get patents. Certainly it's taken longer than anyone thought, but we've now gotten one, if we get more, great. If we don't, we still could be fine if the cream works. It's now time for the company to prove that the product works.
Current psoriasis meds that are taken internally have some really nasty side effects, topical's may help, but not very much. Our cream may not be curative, but if it helps more than other topical's on the market it certainly should be a big seller, especially if it can be prescribed and covered by insurance.
I really have no idea if at the time the company proposed the reverse split they thought they'd gain patent approval when they did. Had they known it, it was a foolish proposal, and totally unnecessary. The question is where does it go from here, and as I said in an earlier post, I believe at this point in the company's development a market cap that's ten to perhaps fifty times what it's currently at is warranted. Where it goes beyond that will be dependent on trial results, and other patent approvals.
Gary
