I have pointed out several times, probably to the annoyance of the cheer squad, that there in no significant buying still, likely due to the algorithm. Everything else is in place.
I know some will say it has been proven to work over 80% of the time by this Uni or that mob, but clearly that doesn't cut the mustard with major or even minor players.
Many, including a few here, said the same thing about RAP and how well it worked, it was only a matter of time etc...until they were informed it didn't actually work that well at all for whatever reason.
My guess and therefore bet (being a long time holder) is that Otsuka want to do the 'testing' themselves. No doubt Jack et al are confident of the outcome. I said yesterday this was a large stride and not a baby step and reason I said it was that, for me, if Otsuka are happy with the 90 trial (which is what it is) there will be a commercial deal at the end of it. Otsuka wont need the FDA's blessing, it will go ahead regardless.
The next 90 days are the key for MEB.....all IMHO. Keep watching the share price.
MEB Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held
