next week or month - what's the difference

FDA approval - coming in this week, next week or next month - truthfully i cannot understand what difference would it make to a medium to long term holder ?

Makes a hell of a lot of difference to a short termer or a trader - but the way i see it most posting here (including myself) do not fall in that category.

As long as we believe we will get the FDA nod - time is irrelavant. There are a number of biotech's out there currently on the ASX which are not even as close to an approval as ACL is .. and investors are piling onto them with a hope that an approval will come within a couple of years.

ACL on the other hand has FDA at its doorstep now - and this is a great time for a medium / long term investor to pile on much more. Even if we dont get the approval before Christmas and lets say the SP goes to 50c .. would that really make much of a difference considering that this is such a illiquid stock that people will not get an entry once the approval is announced.

Last i saw was less than a million shares on offer for a company with a market cap of 123 million - i would call that extremely illiquid because most of that million shares on offer are at prices which are way beyeond current SP.

This is a stock not to be missed (in my opinion) .. timing is irrelavant .. only if we believe that we will get the FDA nod. I for one do specially because Dr Reddy's is directly dependant on this as well and boy are they a HUGE company !!!


My opinion only .. DYOR .. i am accumalating on days such as today when you can still get ACL at 62.5c