We have a pharma stock losing money, with patents, products and licensing agreements but no proven product yet. They must either put out phase 3 results, borrow money or sell stock to larger company.
I do not know which outcome is coming but this has to happen in the next 30 days. The run that has started will either take it up 300 % or it will drop 50%.
This is highly risky bet at .65 per shaare.
My belief is that they have a buyer in the wings and trying to sweeten the deal.
I do not know which outcome is coming but this has to happen in the next 30 days. The run that has started will either take it up 300 % or it will drop 50%.
This is highly risky bet at .65 per shaare.
My belief is that they have a buyer in the wings and trying to sweeten the deal.
Comment:
After the drop the stock is building a base but it will take time and good news.