I think any progress would push up the SP. Don’t think $5 is realistic. Especially as the SP was around $5 way back when the advisory panel voted 9:1 for approval. That’s when everyone (reasonably) expected the FDA would actually approve its use.
Some relatively minor procedural steps well short of an approval would not push the share price anywhere near five dollars. It would go up a bit because any progress with the stock would be seen as quite positive. But not that much.
$5 SP is where it would be if approved. Remember we have had further dilution since this stock was north of 5 bucks.
MSB All-time low Party Thread, page-308
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$1.32 |
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