20 cents is a ridiculous statement. I hate short sellers who go after companies with solid fundamentals simply to make money.
IGXT now has a steady, recurring revenue stream (royalties, not just milestones) from CPI-300, my beef is that their guidance is pathetically low at only $7 million in 2014. And to those who are supporting the $7 miilion because it is mostly pure profit - to me that's like rewarding your kid with a new whatever because they came home with a D+ rather than out right failing.
There is no downward pressure on the stock. They only have a burn rate of $100,000 per month, have no debt, money in the bank, steady money coming in, and they get third parties like PAR to pay them to do the research. My problem is that the stock should be up between $2-3 dollars if you had a management that knew how to promote / support the company.
The $7 million guidance is just telling me there is no rush to buy (or own) the stock right now. But it will absolutely not trade below where it is right now, and will IMO trade up between 50-75 cents over the next 6-12 months (or until any news from the PAR and / or Red Hill projects). The other possibility - which is a nightmare for Zerbe - is someone comes in with a low ball bid and buys the company. The technology behind IGXT is 5 star IMO, management is just abysmal at communicating how they are going to monetize it and even more important just how big the potential is.
Great technology and a management that excels at tech but is horrible at business communication.
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