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Tuesday, February 23, 2021 6:57:36 AM
Just imagine the headlines for a positive USRM decision. It will be seen as a massive win beating the FDA even though the game isn't over. Optimism over the future of the stem cell business model will change.
I expect the 11th Circuit Court to RR this case. The CA case and Judge Bernal's decision to move forward with a trial - a case that mirrors USRM's to a "T" - cannot be ignored. The Appellate Court must be keenly aware of its significance. Bernal set a precedent by rejecting a summary judgment.
A favorable ruling moves things to the 4th quarter. I expect more dilution and silence after the run while we await the trial. I also see a new type of investor moving in...
Things will cool down until a decision. Up - down - flat - then ??? The good news in this scenario is that there will be a trial and another decision. The market likes knowing what is round the corner.
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