the 'news' due very soon will not be what we've been waiting on, rather just a half-yearly result that will show what is already expected and priced in. That is, the company is a micro-cap biotech chewing threw oodles of cash and that cash is running out fast...
O.k -so why am I still bullish on the stock ?
I must admit it would be a hell of a lot easier just trading the mining specs, but I believe unless you have your hard-earned on a stock you don't really follow it as closely as you sometimes should. I am still looking for a positive phase2 Pentrys trial and the company will be re-rated once 'THAT' news is out.
Dr. Opara and the ceo Dr. Firestone may deliver a licencing deal as well in the not too distant future so certainly 'news' is on the way....but it's going be that pretty sick looking cash balance that the bears on this company will focus on in the immediate future.
ACU Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
