Google successful Pre IND... look at random companies stock and how the market reacted. IMO it appears the stock raised after the IND application for some of the stocks I looked at.
IMO it was amazing news to us because we watch the stock like hawks and know the ins and outs of the issues here. But like Stan said, traders are not patient like investors.
I think traders wanted to see somthing announced with the finances, the biggest red flag out company has. Until the IND is applied or there is a financial PR, people are waiting.
Don’t get me wrong, I’m not happy with the performance either. I thought the 505B2 green light would suck people in here. I’m not sure why it didn’t.
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