I wish I could tell you why the price has dropped, but it does not make much sense to me. I know the market prices are depressed (pre-QE3), but this drop to 72 cents seems kind of extreme.
I have every confidence this gastric sleeve product will be a huge success. I love the fact trials are about to start in the USA after being fast tracked by FDA. Obviously the USA potentially has the biggest market.
Possible capital raising? I have no idea.
Don't hold your breath waiting for many replies, there appears to be very few people taking an interest in this company on HC and even fewer who are will post...
GID Price at posting:
72.0¢ Sentiment: Buy Disclosure: Held