From what I can tell, there seems to a real urgency with the amount of dilution occurring over the last few weeks. Koos really NEEDS these shares converted and he wants them converted NOW. That tells me he has a pretty good idea that he will be able to start Clinical Trials soon, and he wants to hit the ground running when he gets the approval to do so. If he thought the IND was going to get rejected, there wouldn't be a need to dilute this heavy in such a short period of time. Everyone involved in the company, including him, would be losing money by doing so. Also, Southridge would be pissed as heck for driving the pps down and diluting their shares even further for on the basis of bad news. Euripedes90's idea that he has a moral obligation to not screw them over hopefully has some meaning here.
If that piece of speculation is true, then we are looking at some bright days ahead. If the dilution stops soon (i.e. this week), we should be able to test the 50ma with anticipation of the upcoming news. Depending on how jumpy people are getting and if the anticipation reaches a fever pitch, we might even get over the 50ma and get close to .01 (it would be extremely tough though, IMO). If positive news then comes out, I don't think we have much of a problem getting over .01. However, breaking .0165 will be damn near impossible unless we get a second PR soon after stating they have started Clinical Trials. Which is what I hope all this d@mn dilution is providing. If we get over .0165, psychological points of resistance will pop up at that point.
I know this only provides a best case scenario where most are only breaking-even, but I am extremely hesitant to say this will be a ten-bagger from these levels.
Buy when there is blood in the streets, even if the blood is your own. ~ Baron Rothschild
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