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Monday, February 05, 2024 1:28:26 PM
It represents confidence where this company is headed with their drug pipeline:
1) Management's desire to keep excess shares out of the market
2) Management anticipates paying these off within the year. The terms are very favorable.
3) A reason for this. The anticipation of impactful material event(s) on the way.
4) Anyone previously discounting the value of the company just had their eyes opened. If you were shorting the stock anticipating a major increase to the O/S on 1-31-2024 to cover and was wondering where they were, the recent restructure damped those expectations. Those are Not Happening!
5) Most importantly management and Ponto Ventures are busy growing a potential pharma juggernaut (investment(funding), partnering, or sale) on the way.
I added shares on this dip today. They are LOCKED away for safe keeping!👍️
ALL POSTS are just my opinion! Never BUY/SELL stock based on only them! Perform your own DD and make your own decision!
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