my own version of interpretation is that with these raised money they have runway till summer of 2020, based on 2 million $ loss per month, unless that changes with increased demand in Europe and some how they can increase Medac revenue. NDA filing in expected last quarter of 2020. what that mean in my opinion is with this current set up they will need to raise more money next summer. in these next 6-8 months they may launch back on Nasdaq as advertised.my conclusion strong sidelines continues if I am looking for investment perspective.
Trading wise these will be lots of opportunities to make or lose money.
some money making catalysts that I see are
1) RS bounce(before or after) this very well may be the before RS bounce
2) full enrollment announcement
3) Nasdaq launch announcement(timeline) etc etc
etc etc.
as of right now I am on strong sideline mode!
Congratulations to whoever is making money!
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