No. As I said on another thread, I think everyone expected the approval so I guess a price of around 10c includes that. That would still be up 100-150% from March, so it's not unreasonable growth on good news. The bursts of volatilty we've seen since April had more to do with The Speculator's pronouncements than anything else (check the timing). So 10c or maybe 12c is probably as high as it will go until we get good news about Phase II results. After all Phase II is about two things: proving the product actually works, and that it's safe for use in humans. Valuations of $1 (as some have suggested!) before either of those things are proven would be ridiculous given the Phase II failure rate is 80%.
VLA Price at posting:
83.0¢ Sentiment: Hold Disclosure: Held
