It’s a rare opportunity when an announcement comes out and people have the chance overnight to absorb it and possibly grab a nice entry point on the open.
A stock that has just done a $9m capital raise that takes it comfortably through to 2020 and might receive a milestone payment of USD5-10m next year on an OLD deal.
Add to that a years worth of validating the platform (read - each one of these applications can be replicated 10x or 40x or maybe 100x) and now the high throughput screen is dropping new CPP2s like flies.
Major shareholders have continuously acquired more and the Chairman just used the creep rule to increase his stake to 23%.
It’s thin but there will not doubt be some stale stock between 3-3.5c and a bit more as it climbs but TBs hat looks safe.
PYC Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held
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