I feel your pain. I'm giving them until the Q3 conference call, which should be announced any day now, to update us on what the hell the plans are for the future. After that IRs inbox is going to be filled. They are doing a decent job at going to conferences, presenting what data they have, and getting the name out there but they have yet to update what the plans moving forward are. Quit telling us what you have and start telling us what you plan on doing with it. That's all I want.
There will be more conferences this year but after the sub par data that they deliberately chose not to disclose we are short on known catalysts until Q2 of next year. Unless they provide some updates soon I think we might be stuck here in the $6-$7 range until retail gets impatient and starts to sell. If that happens we probably go lower. I didn't think we would drift back to these levels or lower but it looks like that might happen barring any unexpected news which, from what I can see, is unlikely.
I'll be adding what I can at these levels as the future potential here is still massive. I retain my same valuation but pending any updates from the company I might push back my time frame. I was looking for $15-$20 by the beginning of Q2 next year but with limited updates from the company I don't see that happening now. Might push it out to Q3 or Q4.
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