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Stuie1977

240 Posts.

02/06/17

16:30

Post #: 25069809
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Originally posted by Wise_One ↑

FWIW, I see no reason to be buying before the 14-July escrow release of 68m shares (note that circa. 50m of those are held outside management - so no selling restrictions will apply)

All I see the SP doing is drifting lower for the next 6 wks, day by day, pip by pip, as the last Ann says results are now expected in July.

I'd welcome an argument to say otherwise, but with such a large overhang approaching, it probably explains the lack of buying. (I.E why buy now when you can buy later, lower)

Post 14-July it'll be a different story - after those shares are digested by the market.

Note I am a believer in the stock, story & tech. I think the US results will be nothing short of spectacular & FDA approval will be a "no brainer". However, all this will happen after this imminent escrow release.

So there will probably be a V-Shaped recovery in the SP towards the end of July & sometime in Q3 new all-time highs would not be out of the question.

Just my thoughts

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So your logic is although you are certain the results will be good and it will be FDA approved, most of those escrow will be sold to the market.......well, they will be soaked up, IMO.

RAP Price at posting: 30.5¢ Sentiment: Buy Disclosure: Held
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