As a generic response to some of the posts on this forum, which refer to distribution agreements coming through, just remember this company's products are still in its development (pre-approval) stage.
Potential future distribution agreements are only effective if regulatory approval goes through, which from memory according to the QRX announcement on 25/8/2011 MoxDuo will take another 10-12 months for US regulatory approval.
Assuming the application doesn't get knocked back, then in the period leading up to approval, QRX doesn't have a product to distribute, which doesn't put it in a position of strength when negotiating its future distribution.
Even if a distribution agreement is locked in, the devil is in the details. Will the terms be favourable to QRX? If prices are locked in and the $US falls further, will QRX hedge?
Some of the posters on this stock talk about low volumes hammering the stock. I disagree, yesterday there was a huge trade of around 1.2 million shares @ $1.20, which cements in a huge discount to the not so recent placement price of $1.45.
Then again price is relative, if I bought in last year around October at 86c, even if the stock was to drop another 20c, I would still be able to sell for a profit.
If there will be future upside to this stock then it will probably require long term patience. Which depending on a person's risk profile may be fine for an investor. As for the speculators out there, quicker returns can always be found elsewhere.
To clarify my position, a friend of mine has been recommending this stock to me for about 6 months, so I've been watching it closely ever since, so no I don't have a position, but I feel my friend's pain as he bought in whilst the stock was on the way up.
This is not to be taken as advice, that's what you pay stock brokers and accountants for.
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