fmb, when it was 1 cent, they were broke; their flagship product had no market in the USA; they sold their factories; they were finished; this has never traded on fundamentals (services are worth NIL) the way the company was marketed; it had a market cap of $188 mill on the 'promise' of FebriDx being fully approved by FDA
I can guess it went to 17 cents in a day, because buyers were not understanding the 'half' FDA approval;
Honestly, the market cap should be back to $188 mill (8 times current) if the FDA gives the waiver.
What would the price be if the waiver claim fails. Well, it should be 'some number', but Mr Market will say NIL. In one year we will have a .0000001 cent share or a 24 cent share.
Add to My Watchlist
What is My Watchlist?
