Geez, I hate to break it to you but this is a wayyyy sub $2 stock right now.....last I checked it was 1.31....and facing what seems like a massive wall of shares in the 1.30 area.
I have shares, mostly because I'm as greedy as the next guy, but this stock has been in the hands of traders since the first time it breached a buck.
Their technology is very promising, but their approval is for a very limited application. They'll need much more testing for burns and acne, with results weighed up over a much longer time frame.
For the trader, it's a question of $$ for the tests, but it's also the opportunity cost of holding this one for 2-3 years.
GLTY
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