Yeah, unfortunately I think we're still experiencing some after-effects of "the higher you are, the harder you fall". And...based on many of the other tickers in my OTC watchlist, price action here in the past week or so hasn't been all that terrible in comparison.
I'm not going to try and call a bottom here, but I do think we've over-corrected to the downside. Would like to see it stabilize back to .15-.20. Based on how quickly this moves up or down on moderately-higher volume, float must be pretty tight.
I was somewhat disappointed to not get an update last week, especially since Eric's latest FB post was called 'Weekly update'. However, my hope is that realized they should wait until they have something substantial to say before putting out another update.
There are way too many positive signs here IMO, even though the acquisition has taken longer than Eric originally thought, to exit at this point:
- The continued presence of PKG throughout the process, even if it is just reposting Cerebain's updates on their social media pages, is very positive. IMHO PKG wants to be acquired very much...they're basically being paid to go public, while gaining access to Cerebain's Alzheimer technology. Win-win.
- NMS Consulting involvement
- No dilution
- Social media updates aren't great in my opinion. But...they are free and the past few years have set a precedent for them being an acceptable form of official communication. I mean, the United States government was pretty much run through Twitter for the past 4 years.
- Finally, acquisition is still WELL within a normal time frame. It's just unfortunate that Eric gave projected dates previously that were missed.
I'm simply viewing PPS from now until we get news on acquisition or filings as noise. Low volume price jockeying. I'm fortunate to have a very low long-term cost basis in my taxable account, however I have started building a small position in my IRA once we dropped below .10
I just have to shake my head whenever someone says 'deal must be off'. Literally no proof and they can only point to the lower price that day or maybe bring up another ticker that they were in years ago that had a deal fall through. So weird how I don't hear them say 'deal must be back on' when the share price rises...
