Proteonomix Inc. (PROT)

[Sheeple O Plenty]

IMVHO, the news wasn't that horrible. Ian McNiece was the liason at University of Miami, and speculation is that he will be leaving there or has already left.

IF that is the case, UM would have nobody to administrate this Trial, and has paid an exorbitant amount for a very minisucle portion of the final product.

So if this is the case, then it's logical for Miami to suggest that the company do the study elsewhere.

Since the FDA has already approved all steps to conduct the trial, it's my humble guess that we'll see a new location for it within the next couple months.

I was a buyer for it. Had several orders in from 85 cents down to 50 cents, thinking that it would drop even lower than it did. Unfortunately it did not... or maybe fortunately. Either way I'm loaded here and am still very very BULLISH on the company.

This particular company is not an iHUB play for a variety of reasons, so whatever happens in the market is not manipulated here like many stocks are.