fluffynymph's experience is much valued on the various threads including this one. but the questions you ask - well, ask them of ADO, VLA and a zillion other stocks which will generate their first revenue say 5 years from now. atleast PNO can realistically generate revenue in the coming months. oftentimes, it is potential that makes a SP, not necessarily concrete figures which only time will tell. its what the market thinks the company can achieve that gets priced in.
the stock may rise or fall - i am no psychic. but to ignore the advance made by the company by todays ann (which btw was exactly what was expected based on the december ann) is wrong. the company said it would achieve a milestone, and it did exactly that. it never overpromised or underdelivered... its going to plan.
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