Some might consider selling shortly after a positive trial outcome depending on what they see as the current fair value of the company. If they see the current fair value of the company at say $250M (around 45c per share). This fair value calculation might be based on 20 x earnings of 100 patients x $100k/patient to be treated in phase III. If the share price jumped to 70c shortly after the trial announcement they might see this as the market getting a bit over excited at this stage of the game and sell with a view to re-enter when / if the sp pulls back towards 45c.
I personally won’t be in a hurry to sell any portion of my holding if we see a positive phase II outcome, as this will be just the beginning of the transition from a research company to a commercial enterprise I’ll be targeting a share price in dollars per share.
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1.0¢ |
Change
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Mkt cap ! $16.87M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 1.0¢ | $871 | 87.11K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 347418 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 383746 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 347418 | 0.009 |
11 | 5324181 | 0.008 |
7 | 6280009 | 0.007 |
6 | 2493750 | 0.006 |
4 | 2300000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 383746 | 1 |
0.011 | 1327832 | 10 |
0.012 | 2385405 | 7 |
0.013 | 894768 | 4 |
0.014 | 126665 | 2 |
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