And that is why CHM has the market cap where it is. Its still high risk. But with that risk comes greater reward (or loss).
Those with a lesser risk profile won't be interested until much later in development, when risk has been reduced. But thats at a much larger market cap, and after more dilution due to future CRs.
We have 2 drugs in the clinic at the moment. One of those trials is at no cost to us. A third drug trial has been delayed to help progress the first 2 with funds available.
Clever, strategy, as both the drugs in clinic are novel and will eligible for fast track approval. Good results in either/both trial should lift the shae price, and hdlp with the next CR.
A nes amendment allows drugs to market before the end of a fast track trial. if certain safety and efficacy criteria are met.
The low SOI and volume mean this isnt a trading stock. This is a buy and hold with a medium to long hold time. It will be an emotional roller-coaster of a ride, but dips present opportunity.
CHM Price at posting:
5.9¢ Sentiment: Buy Disclosure: Held
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