Everywhereman- first it's good to have you posting!
I was one that was critical of the move. I didn't see the need to move to the new exchange as a good enough reason for the split. Maybe that was because I myself am not a large player so being able to buy more shares at lower prices interested me.
I have sent a couple emails to the company expressing my opinion. Each email is a combination of two thoughts. One refers to the stock price (which everyone can see is being played like a fiddle) The other always refers to the great job Kim is doing with the company and it's products. I have become an even stronger supporter and say so.
IMO only, I believe the stock may have traded in the $4-$5 range during some of the recent news and events. I don't under estimate the power of the smaller players or the fact that larger players can find small companies through the connections they have. I'm just not sure if the timing was right. We still haven't come close to the point where the actual value of this company in it's present state is being realized. The Roche payments alone should have us higher.
The new exchange has in deed brought us a new group of "players". Liquidity (which was one of the stated goals) is very high. Many of the player we have are not the investors Kim referred to. Those will come!! These current players are the day traders. That is why you see so many quick moves during the course of each day. Those types of traders are making a lot of money right now but they don't really drive the price anywhere. As you can see we are in a trading range that I was hoping we might break out of when we hit an inter day high of 13.04. Fact is that was just an opportunity to short and we actually closed down that day.
When events get closer together, and payments start to arrive we will begin the steady climb we should be seeing. The New market has no patience. That is why with all the huge dollars being traded almost every day we basically go nowhere. It's the market not the company.
We will get there!!
JMO
Jim
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