thinking out loudjust over a month since ipo failure and shares...

thinking out loud

just over a month since ipo failure and shares now virtually half price for the same assets?? Talk about a boxing day/January sales. The market is a funny place.

Frustrating that they haven't told us 'when' they aim to get to the point of deciding where to next but at the same time ipo or not the trial and fonda rollout will carry on.

market cap 88 million.

fonda ?? 12-20mill next year and europe coming online in the future. withdrawal of apotex or approval for use in acs possible catalysts but both unlikely.

if hairi gets to market this is over a 10 bagger. if ipo goes ahead should be close to a double. At end of year/ when trial finishes if results are good a 5 bagger?

can't decide how hard to go with acl. downside somewhat limited prior to trial results due to fonda income and fact that there won't be any news on trial re findings (which means the downside from possible negative results can be ruled out).

management and vested interests of big holders to make easy money via cheap raisings with options attached etc such as last time seems to be the main risk.

come on PS, look after all the shareholders.

what downside risks does everyone else see (i guess its allready been stated and dissapointing fonda sales are the main short term downside risk). When will we get the next number?