The following post was first posted at 1.59pm on the day the failure of the obesity trials was announced. I'm reposting it here because of its accuracy. Subject: closing price Stock Code: MBP - METABOLIC PHARMACEUTICALS LIMITED Posted: 21/02/07 13:59 Hotcopper Radio: MBP on BoardRoom Radio Posted By: Ousia Views: 131 Post #: 1581957 (Start of thread) Sentiment: None IP: 128.250.xxx.xxx Voluntary Disclosure: No Stock Held Day traders will start to close their positions over the last 2 hours of trading today, which should see the stock closing at around 21c. Unless there is some positive newsflow tomorrow morning, I'd expect MBP to open at around 20c tomorrow, and finish the week at around 16c (as day trader volume dries up). The stock will probably then consolidate, trading sideways until ACV1 phase IIa results are released in July/August. If ACV1 results are negative or even ambiguous, then I think the company will not survive in its current form. Given solid cash holding of around $23mill (=just under 8c per share), the company should have little trouble merging or acquiring a new pipeline.
MBP Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
