I would say isis will be range bound for the next few days/week...

I would say isis will be range bound for the next few days/week after $164 million worth of stock at $14.62 per share hit the market to settle subordinated notes. a lot of stag profit taking on Friday left them down 6% odd at issue prices... but still good bounce off $14 support and churn was good at 3.7 million shares/$53 million dollars so i think 11 million shares should work through the float quite fast - it will also put a floor in while investment banks etc settle up and churn it out - which they may also need to push it a lot higher to do so. With news from the FDA advisory committee and EU approvals for mipo due next month I’d say isis should be well north of $20 by November... then likely well north of $30/40 in the lead up to FDA approval early 2013. Just like the dndn/prr story went it took the US to take the lead and dance higher before the ASX caught up... but in the case of isis/anp we are already so far behind the isis move i’d expect a move into the 5c range for ANP isn’t too far abroad all considered!

Looking forward to hearing about the commencement of ATL1103 PII trials... i thought we may have heard something more by now perhaps this week coming or at least the first week of Oct for the investor presentations etc. Same with tjab venture and ATL1102 some folk are saying this could cause quite the ripple in share price for ANP so makes me wonder exactly what the IPO might actually be worth – i can’t remember seeing a value put on it anywhere?? would be funny if it was higher than our current MC... lol just to make an even bigger joke out of our low MC while we still hold the REAL golden ticket, ATL1103.


Good Luck bloggers!