Team, I continue to read about the reasons why MSBs price is going backwards, apparently it's the high volume trading. Whilst this type of trading may have impacted the share price slightly, the reason why the price has gone backwards is the lack of announcements. In 2011 the share price had momentum from several significant announcements. In last AGM presentation shareholders were told that there would be a steady stream of news, there's hang been!
1. Where is the update on spinal fusion phase 2 the Annual Report clearly states that we would have results by the end of this year. Where are they?
2. Diabetes - Prof Itescu stated that he is excited about the results, why no update ?
3. Finally, Phase3-CHF- everyone got excited about TEVA mentioning that they are progressing with phase 3. This was a vague statement. When are they commencing?what are the details of trial,? how much will we be getting from TEVA ? Whats happened to the 1.7billion deal with cephalon?
These are the reason why MSB has.gone backwards
momentum
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Last
$1.03 |
Change
-0.040(3.76%) |
Mkt cap ! $1.170B | |||
| Open | High | Low | Value | Volume |
| $1.07 | $1.07 | $1.01 | $13.19M | 12.81M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 61090 | $1.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.03 | 239558 | 5 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| MSB (ASX) Chart |