Re: Upcoming investor conferences
They're stacking them again...just like last fall. There has to be a reason and I'm guessing it's not contained in the previously issued PRs. I'm betting it's breakthrough designation and that it comes soon. The institutional meetings, IMO, were a contingency for a large cash infusion after the breakthrough announcement at a much higher PPS if a partner doesn't meet their terms.
But caveat emptor...with new designations come new attacks.
Just like the hit piece today, they'll claim that "Breakthrough Designation" doesn't necessarily mean an FDA approval, that no guidance has been issued so it's still an extremely risky bet, etc. etc. And you think dropping from $2.50 to $1 hurts, wait until they do it from $20 to $10 considering how many shares some of us hold.
I realize this may sound silly considering we're sitting here at $1.20 but where do you think the PPS will open upon such an announcement? $10? $20? It's roughly a $5 billion annual market opportunity with an FDA breakthrough designation validating a platform that could extend into multiple indications.
Taking Wook and MD's comments as true and analyzing them I remember an old poker adage: "Play the man, not the hand"
Confirming there will be no dilution? WTF? The notorious dilution machine who likes to keep a year's cash on hand really said this? Only a few reasons possible.
Institutional Investor meetings confirmed in NYC and Boston a week before they're going to be presenting in Boston and with a PR guy in attendance? Huh?
"Institutions don't care about the details of the investigation?" Well they must be caring about something else, right?
"We should focus on the moving forward?" This implies there will be a forward move, doesn't it?
These types of comments are the biotech equivalent of looking at my wife when she's holding pocket aces. They're acting like giddy school children.
I wouldn't be surprised if there are market makers making side bets as to how much shorting it will take to get the PPS under $1 this week. I fully expect it to happen. But if and when the company makes an announcement that validates its entire platform, the upside move will be talked about for generations. And I truly believe it will happen sooner than later.
All IMO.
