Don't get me wrong. I was a big investor in INO when Ayer Capital bought a stake last year. I do believe in their science and am aware the company is solid with strong R&D focus. Many of their path breaking ideas have blockbuster potential and we will soon the day, the street realizes it as well.
I am watching the pps closely but likely I will be taking a position. FWIW, the other company I am currently following and have a small position is CUR (could it be next SRPT ?).