Yes I would come back to admit I'm wrong, accountability goes a long way in my book. How many failed calendar predictions of Phase 3 data have we gone through, now people are counting on interim BLINDED data. It doesn't pack the same punch IMO.
Reasons why I have a strong conviction that the SP will never see $1 again.
1. Dilution. How many hundreds of millions of warrants are priced between 24 cents and $1? This will create a ceiling on the stock even if interim blinded data is compelling.
2. Dilution. The recent raise of $12M+ will cause some serious dilution several months from now. If I'm a warrant holder at 24 cents (see #1) would I attempt a cashless exercise with the share price at 32 cents, yes I would.
3. IMO I don't see the publication of interim BLINDED data as a game changer. I don't have as strong a conviction on this (still trying to wrap my head around interim blinded data) but #1 and #2 above will surely offset any momentum from #3.
There you go, I not only give my predictions but I provide my analysis behind them. I'm hoping the posters who like to shout out unrealistic daily or weekly share price targets will start to take accountability for their failed predictions.
GLTY
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