Z if we were seeing 10 plus million shares being sold each day than I could say that we are being sold down. Our volumes are small which means most are holding but unfortunately we are not seeing buyers step up which allows just a couple of sellers to force down the share price which can trigger stop loses etc.
In essence the market is waiting for the company to prove that it's IP has "real" commercial value and once that happen the share price will recover and quickly. I believe this will happen in December. In the meantime we are seeing the vagaries of a market that does not know whether to believe the company or not.
Bio's are hard to market because it is all just blue sky stuff until they have landed a deal which provides a mechanism to value the company.
As I have always said you can't be 20% pregnant. We will either have a deal or we won't and we won't until the ink has dried on the contract, then we will be told.
Clyde
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