SmurfVA's Random Picks

[Ned Serious]

IMO, the Reverse split had been known about for months, so this shouldn't come as a surprise to anyone, so that should have been baked into the price already.

DARA mentioned yesterday or day before that they only had enough cash for the rest of this quarter I think it was, so to me an offering was coming too. (it might have been next quarter - but i think it was this- either way). I think most knew it was coming but the question would be when? In a perfect world, after ODD approval (if its approved and coming).

So that leaves us with the Orphan Designation. DARA stated that they answered the FDA's questions and resubmitted it on Nov 19, 2013.

So, to me the ball is back in the FDA's court, and we're waiting on that. I typically read that it takes 90 days on average for a decision. Not sure if that applies with a re-submission, or for an ODD that seems to have been delayed, or been working on for a while now. So February 19th is 90 days.

I am holding right now. I may sell 1/4, but right now I'm holding. They have a conference / presentation on Monday. Might get a small bump from that...or all the above might send it down. Dunno.

TO me, the fact that they now have 20 sales reps, is a positive. They will have the delisting taken care of soon. They will have the offering out of the way. So, the unknowns are the ODD.

Am going to hold right now. See what happens.