If the FDA get their way on things with LDT's what will that mean exactly for PIQ....a delay...? Been trying to call the company and find out, have emailed as well, so far no returned calls or replies. So far my thinking on PIQ has been that if Sonic are prepared to take PromarkerD on then its most likely worth a swing(for me anyway). Given they know the landscape and PromarkerD is predictive, up for decent reimbursement and Sonic have 2 million diabetic clients on their books it would seem a fair chance of making a good start and the present system is failing everyone and needs an overhaul. As Richard explained in one of the company vids, cracking the US should as well lead to success in other jurisdictions.
For the last week or so the trading has looked as though someone is determined to push the share price lower and are doing so on normal volume. Can only hope that this is someone trying to collect some cheap shares before the hopeful re-rate. I think as soon as we get news of sales PIQ should start to garner a wider interest.
80 is decent support on the chart, given how close we are to the hard launch in the US you'd hope to see it bounce there.
PIQ Price at posting:
80.5¢ Sentiment: Buy Disclosure: Held
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