Yeah, sure there is that aspect too, I guess. But the fact is that TFS chose PTX to collaborate with (not any other that I know of in this particular space) and are also financing the collaborative work! It seems that posters are being overly harsh.
Scooty's comment re PTX needs to make money and not burn through it is unrealistic given that PTX is a biotech co with a MCap of $115m FGS. Name a biotech of that size making money. This end of town is called speculative because we are speculating on the future of these companies. I just don't think the price action is a natual reflection of the market at all.
PTX is yet another penny stock being played like a fiddle by trading sydicates simply because they can with the amount of free-carred shares they've acquired over the years.
PTX Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
