There is clearly some accumulation going on, has been for a while now. I just hope it doesn't culminate in a takeover offer at some pathetic price like $1.20 or $1.30 - the value in this business is huge.
Currently trading only a little above NTA, you're almost getting the pipeline for free. Fair value in my opinion is much, much closer to $2.00 - but what would I know?
Just before the Evogenix takeover, this stock was running well, looking for continued appreciation above $2.00 - but somehow the market decided it needed a 50% haircut after the EGX transaction.
I never did figure that one out.
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