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clock Created with Sketch. 15/06/17
10:40
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Originally posted by Richard OZ
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Depends upon what many people are expecting. If good news, I expect it will be a bump to 45c and then will settle back to 38c pre FDA (pre escrow release) as traders take profit. Then a brief pause before people wake up to the idea that if the news is good, FDA is a shoe-in and the escrow factor may get less regard (ie less concern of a sell-off because 1. the escrow holders might be circumspect about letting them go at a bargain price and 2. there will be sufficient demand in this scenario (a sell-off into good news) to absorb a dump so the price will temporarily flatten/dip to 33-35c while CT et al gobble up the cheap offerings). Then the price will gradually climb to around 65c in anticipation of FDA approval, building into the share price a higher base from which to rise after FDA approval. So, all IMO, a bit of a rollercoaster ride to 31 July with a nice view at the end. I hold but none of this is of any consequence to me. Even the post FDA surge that is highly likely doesn't matter: it's the revenue/dividends I'm after (although I understand they may not eventuate if RAP gets bought out). If that happens, I can still look forward to a decent takeover price in the ballpark of what ClownTrader was talking about a few posts above.
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Just to let you know all that dump last week was not caused by Uni Quest as they still hold the same number of shares what they held last month or months ago.It is some what good news but the same time they still hold 8 million shares
. Some people very concerned last week.
