Agreed, previously I thought the investor conference today would be due to great results from the FDA and to get through the new set of trials, however, I now think it is because they need to go the standard path before submission for human clinical trials, which will take “several quarters”, and so need additional funding for the time un accounted for.
I also don’t see there being many significant announcements between now and when the “several quarters” are finished to keep the SP going upward.
I still think this could be a great long term hold, but agree that it could be worth sitting on the fence a bit for now.
RCE Price at posting:
20.0¢ Sentiment: Hold Disclosure: Held
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