stocktiger, you've done fine trading XKEM, but why not stick around and do some DD? look especially at the posts related to revenue projections. where do you think these price targets are coming from that put xechem's value at .25 on up to north of $2 or more? hyperbole? hardly. nicosan's market in nigeria is huge, and it's significant in other parts of the world, too. if XKEM can reach just a fraction of these people the pps will head into solid double digits... and XKEM will be improving the lives of thousands of SCD sufferers. sounds like a win-win to me.
you say the market cap is trading at zillion times sales and this is wrong. there are no sales YET and this is why the stock trades at a discount. you say you didn't know they had a product, and they do. several. again, i suggest you do some DD. you ask "why would it go up on an announcement of them selling their product if it's not news to anyone anymore?", but... didn't you just say you had no idea XKEM even had a product, let alone sales? LOL that's what the announcement is about... :)
you ought to know by now that when a development stage drug company succeeds in getting approval to manufacture a drug for a $500M market it will have a positiive impact on the stock price, even if it takes several months to ramp up production and establish distribution. the stock market is... forward looking.
ah, but as you say "whatever - i will keep playing it as long as it moves up."
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