Has this company totally burnt all it's bridges with the broking , newsletter , industry publication community and none will even consider promoting the news, media releases ( if they actually do any?).
There is a constant dribble of sales with always more stock.
You guys really need to check the selling brokers and also the top 40 holders to see what is happening on the register.
Who is a seller and why?
Of course there is a lot of reasons to be a seller and the research here shows some reasons to keep a watching brief on it for the buy side but no one will pull the trigger until there is meaningful announcements that actually put this company in a position of getting some decent income.
I know it has been said they don't need another raising in the next while but the manner in which this is trading has the signature of that or a total lack of confidence by the market. If the time frames don't move closer and detail the income streams and their scale in public announcements people in the investment will continue discount this stock. Always the issue with management is not that a deal has been done in biotech but the details of that deal and how well it is managed. Too often the big players have these little companies in a squirrel grip and they simply don't reach potential fro their shareholders in a decent time frame.
Hope the squirel grig is released and some value can be put on these guys.
Going to be a interesting few months coming up depending on what direction these guys take.
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