Just have to laugh at these crazy minute by minute traders ! Many got caught in the big rise on Wednesday, and now have to exit because of a lack of funds T2. What a bargain on close, the company has enough cash for 11 quarters (3 years), and are in confidential talks on new projects, along with their targeting Parkinson's and Diabetes cure !
My point being, with such a low shares on issue (SOI 570million), this company will explode on news, and clearly there has been some interesting activity mid week ! Take a look at two bio stocks ACW and PAB, these two have billions upon billions of shares on issue, and on hype alone have run from ACW(2 cents to 17 cents), and PAB (2 cents to 6 cents) in recent weeks, , and they don't have anything to compare to LCT, which are targeting Parkinson's and Diabetes, arguably two of the biggest GLOBAL diseases known !
ACW- MC $255 Million (One clinical study extremely early stage) Alzheimers PAB- MC $100 Million (One clinical study extremely early stage ) Brain Cancer LCT- MC $$7 Milion (Two studies reasonably advanced ) Parkinson's and Diabetes
Hype over on the Daytrading thread has pushed both ACW (900%)and PAB (200%) up in recent weeks, and make no mistake, imho LCT will follow and given the extremely LOW MC, LCT could be 10 cents in a flash giving it's less than a $60 Million MC . Given the big volumes over the past 3 days, i have been watching this carefully, and it is clear traders got on and accumulators have taken their shares over the last 2 days ! Watch and see where this ends up by years end, i have a target of 7 cents, but 10 cents is easily achievable here imho ! Good luck to holders ! Disclaimer- bought a small parcel on close today !
LCT Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
