I think the market is happy with what they have seen. i wouldn't be surprised if we continue on this pathway as well. Hank doesn't mince his words and when he puts it out there, he knows he'll be judged on them. While not everything can be put in his hands, he has just put out a bold statement. Very few of the comments are not calculated and accurate, (Unlike me ROFL!!!!)
But to my defence, I'll still maintain that the market has done what is does with FDA type announcements. We built a big lead on SP value with the FDA approval (commissioning the Atomiser and getting the c-130 qualified) and then when the FDA approved it, (c-103 qualified) then the market dropped the drug company SP until they make sales. Look at a few companies like MSB, OCC, EBR among others. All now have products approved and have been smashed down by the funds whether through lending shares to be shorted or just they know the system and manipulate it the best they can. Then when they know things will start moving they do 2 things, call the shorters to close their positions or start buying (usually both as they know the shorters have to buy back in)
So whats different for me is this call from Hank. Twice now he has put it out there. He must be getting some good strong signals from companies that they have been in discussions with. I'll leave you with this recent LinkedIn post from Hank and underlined the reasons why we may see the lows behind us.
(20min delay)