The Optimism you refer to was in my opinion rekindled at the AGM last month- a 20%+ rally in the week augured well. Then somebody began capping the sp- on Friday that all disappeared.
I have confidence we will get a positive result within weeks for the Tretinoin Phase 2 Acne trial. If so we should see a substantial lift in sp as this will be POHs 1st Phase 2 result in 7-8 years since Insulin ( which saw POHs sp hit over 40cts ). This is a significant trial in its own right..... It could trigger a near term commercial deal in skin care and will be an important revalidation of TPM.
As important however is the fact that It should also refocus investors on POHs proprietary transdermal platform which is about to enter 2 pivotal Oxy Phase 2 trials, thus leaving the 2013 esragate scandal behind.
This Acne trial completion is the 1st of several value drivers for the 2nd half of 2014
The Optimism you refer to was in my opinion rekindled at the AGM...
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