I agree and the price can easily get above 7c before any news flow commences. The price has pulled back on tiny volumes over the Christmas period as predicted by many on this thread.
Remember the price was comfortably trading mid 8’s before the placement and Peleton were comfortable raising $5M at 7.8c without any news on trials, because they understand a positive result will create many multiples on their capital.
$38M enterprise value at this price with $5M cash and fully funded trials by Cannvalate. 4 imminent trials and each are potentially company making opportunities. Happy new year, yes I think it will be!
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