Looks like someone is trying to hose down the price action ... to accumulate more?
Hard to imagine what other motive such a technically knowledgeable poster would have for putting up such comments, at these low levels?
The company has ample cash for 2/3 years and nobody knows what else may be on the horizon with industry funding, collaborations etc.
At this stage, nobody can possibly value what this company may be worth if the Myc animal trials work, but I am betting it is going to be a very substantial premium to the current market capitalisation and more than one big pharma will want it.
The market will digest that information over the next quarter, so it's not a long wait.
Also, what global values may end up being placed on a unique phylomer library that can generate such new drug discovery outcomes??
PYC Price at posting:
1.7¢ Sentiment: Hold Disclosure: Held
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