InvestorsHub Logo
Followers 2
Posts 47
Boards Moderated 0
Alias Born 02/01/2013

Re: Skelly22 post# 38399

Friday, 02/22/2013 9:02:10 AM

Friday, February 22, 2013 9:02:10 AM

Post# of 158400
I' not so sure about that, correct me if I'm wrong, but the 30 day process is to give the FDA a chance to deny/postpone. I'm definitely not assuming they'll deny, but could there be a decent chance that they'll postpone for further investigation?? Maybe they are notoriously inefficient and always take longer than 30 days to approve...i dunno, just contemplating...

Call me crazy here, but before we get to that thirty day mark, be prepared (don't assume) for a postponement, which will definitely cause a significant dip...whether it's protecting your initial investment or having cash ready to buy in for more or both, just be prepared...If the FDA is anything like the IRS, 30 days just may be a tight squeeze to finish their approval process...

FYI, I am long and STRONG on this (I have a gut feeling on good news coming soon), but I admit that I did secure my investment a while back by selling for a 25% profit, which happened to be only a quarter of my shares, so trust me, I still have a lot to gain/lose at this point.

$$$$$$BMSN$$$$$$
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.