Maybe but then again maybe not! 500k at 4 cents ($20k) is not exactly a king’s ransom.
As far as I am concerned, its no more than a reasonable punt:
- They have enough cash to survive at least a year
- The animal trials have 'got to be' just around the proverbial corner. If not then what is management doing? They don’t seem to be a bunch to time wasters to me!
- Assuming the previous results weren't a big fraud then we can expect that they will roughly be repeated with the next set of tests. And, let’s not forget that they were pretty sensational (in fact that seems to have been the flamin’ problem)
- Confirmation that SBP can extract an elixir of health/life from the Devil's (or should we rename it God's) apple should rip the SP along by about ten times.
So the chances of this punter loosing all of the $20k in the short term are looking pretty slim to me. My sense is that this punter has done nothing more than assessed the odds of making a quick quid and is playing the odds. If there was a bit of insider info going about that actions or announcements are imminent, then I would expect to see more than one $20k punt.
Moved from the "London" forum. Original message number: 227
SBP
solbec pharmaceuticals limited
sudden big bite, page-2
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