Plenty here thinking that partnership was on and brought the stock in the last few days before the halt....
If you are a medium to long term holders, you seriously do not need to worry from here ...The news today is a major derisking event . We long holders...have been waiting for this for over a year and a half now..
TBH ...I was a bit worried.....yes it was a positive adoption...but what if there was clarification required and resulted in delay?
This was playing in my mind all weekend...but after learning the news this morning...all the stress is gone..
Let's go back...the base for SP to bounce was around 16-18c a few weeks ago and now its over 20c...Today's events were really stupid....I mean if this was not a CR..the SP would have been over 40 C easy on approval news but again CR did the damage....
I wrote a few months ago ...if CR was happening no way the INSTOS were paying 40c....they all want it cheap..they always do...how the heck are they going to make money if they don't get it cheap...
It's looking after each other...MD did it for them and they got the $ 20m FOR ANP....In the end there was no trial without funds...let be real..I also suggested if someone was paying peanuts MD and CG and others were never going to take the deal...As Akki says cash is the KING..
Not much chance that someone would pay few hundred million to ANP when they know we had only $5m in the bank..But now with today's CR things have changed...
In the next few days bank account will be loaded enough for working capital and trials...Neogitaing power changes ..
There is no way a big Pharma is going to let ANP get away with the results achieved...I mean it has impressed every possible DMD expert..So from here the SP crash is a minor hiccup and we should be steadily moving up soon...
Remember INSTOS have paid 24c...They won't let it drop too much..Last time they're paid 10c..it only went to 9.4 C and then ended up to 27 C..in 3 months..
Good luck all ..
IMO DYOR
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