IntelGenx Technologies Corp (IGXT): If you look, we were on the upper end of...

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IntelGenx Technologies Corp (IGXT)

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Re: senderos post# 5806

Tuesday, 02/14/2012 2:36:38 PM

Tuesday, February 14, 2012 2:36:38 PM

If you look, we were on the upper end of the trading for the past couple months and already due for a slight correction.

Today the news came out and once the trading price started lower than expected, alot of those that would have held jumped the boat just to make sure out with a profit!

The news wasn't the greatest news as some people were hoping the company would be bought out for $12/share by some big pharmaceutical company. Basically we're making Generic drugs, but it can be profitable and the company has a lot more in the pipeline - so it can be VERY profitable.

The cash burn isn't bad, get 3-4 of these "licensing agreements" out there, let someone else spend the money/time to sell our approved drugs and we're in good shape!

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