"The product still has to be approved by the FDA. This could take a very long time based on past experience with Fonda."
I seem to remember something mentioned by one of our CEOs that the FDA had offered a fast track approval if our results achieved or bettered expectations. Does anyone remember this ?
As for the seller of 785k shares at 0.99 all that does for me is scare me initially, before I get on HC and see what might be happening. As a busy person I simply have a quick look at my Iphone app see 20 buys at $422k and 47 sellers at $1.53m and it places me into not wanting to buy anymore than the plethora of shares I now have.
We also need to remember some investors are taking money off the plate with expectations that Share prices will fall off over our winter/USA summer and that will affect the current ACL SP. Add some nervous nellies that cant stand to wait for an announcement and the SP will ease.
ACL does not trade that many shares each day so volatility is high. Look at today it has a range from .052 to 0.57 that is nearly a 10% margin on very small trades.
Just trying to justify the current lack fall off in SP.
I hold enough ACL to sink a ship.
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