Looking to the weeks ahead I cannot see ISN slipping back below the .50 mark provided the newsflow they have planned all comes to fruition.
the TGA, FDA and CE approvals alone (once confirmed) should immediately derisk the airsonea business plan, although obviously any delay would give the market major pause.
Have to ask ourselves are approvals already factored in or not. Given ISN peers in US I'd suggest that there's still plenty of share price growth if they keep hitting their stated milestones. Aside from one or two quibbles, management have yet to disappoint on this front.
The $1+ mark for isonea would have to fall if there is any major third party commercial tie up announced in the United States or Europe. I am also excited by the prospect of this technology getting in Japan and, ultimately China, where the wealthy middle class who love their gadgets have enormous issues with smog and pollution.
Have to say thanks to the chartists who have offered their views on these threads. It's been really constructive and helpful to those of us holding sizeable portions of stock to not be panicked out. From all reports the uptrend looks intact and higher highs may yet prevail.
I also note the latest oppies conversion which has seen another $30k banked by the company. NO cash worries going forward and now more raisings until commercialisation has to be a plus. I'd probably be converting a few ops myself iff I wasnt so close to cap gains tax discount. It's my understanding the clock would start ticking again on my 12 months holding the ords, and I suspect I'll be taking some more off the table well before July 2014. Ops have certainly been hard to sell in volume for those bundles appearing, and as yet we've never seen a premium on them. Save when I was buying at .02 when the ords were .05, but thus far the leverage has worked as intended. I think the day we start to see big ops bidders trying to hoover up the remaining 19million on offer (more like floating 5-6million given large holders do not appear to be sellers) then that will be the day we know resmed or another big company is calling.
Thoughts? Charts? Am at work today and would be keen to see some ISN chatter to pass the time.
ISN Price at posting:
63.0¢ Sentiment: Buy Disclosure: Held
