re: roadshow & ramping!
Please, what does it mean that 1only one broker showed an interest? Does this mean 1 of them didnt fall asleep in the presentation? Does it mean 1 is going to take a 50% stake in the company?
It's not easy to get major broker interest, usually only when it's a sure thing. So I wouldn't be worried for SLT holders that this is the case.
Contract issues are the biggest concern in my mind. Based on discussions last time, I am expecting an announcement shortly. If none is forthcoming, it will be further negativity for this stock. This will be bad for those traders hoping for a quick turnaround on this stock, but for the patient it may be an opportunity to purchase more stock. The biggest downside I see in delays is opportunism. The longer it takes, the narrower the window to make profits and a stranglehold, as inevitably someone will eventually come up with a competing product.
Personally if I don't see anything on the Hep E within the next couple of weeks, I would start questioning whether th contract with Genelabs will go ahead. I'm already getting a little sceptical as, if this deal is all its meant to be, then I can't understand the tardiness on Genelab's part. If it is Genelab at fault then maybe Select Vaccines should be looking elsewhere for a partner more committed. I'm just guessing, but I'm thinking maybe the tests by Genelabs haven't performed the best they could have.
Still a highly speculative investment which could produce nice rewards, or alternatively leave you with very little.
Cheers
SLT Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
