I remember last july when I bought CQT for the first time.....the oppies were about 6c and the heads were about 21c.
I was told by countless posters here about the awful history of CQT and how terrible and dishonest the management were and how I would lose all my money etc....but I bought them anyway....CQTO gave me my first multi bagger (in 4 days).
I think stocks like CQT and NAL do have "baggage" issues and a number of disgruntled longer term shareholders. Hopefully they were the ones selling today - blinded by their antagonism towards the management.
I bought NAL today for the first time - I have no baggage issues - I simply see a great product which any number of pharma firms would want a part of either to own or to use the technology on a rolyalty basis.
As well as this needleless technology NAL owns a $20mn stake in NIM and has a number of other interesting technologies underway.
Taking the NIM stake as being worth about 10.5c per NAL share the technology in today's ANN is only in the price for about 2.5c per share.
As it is MIT doing the testing we have to presume it works and was tested to the highest of standards.... All the big science / pharma based firms have long standing links with MIT. I would guess therefore that NAL is already all over the science / pharma community grapevine stateside.
I would not be suprised to see some American buying tomorrow - and I fully expect to see NAL at multiples of today's close within a very short term.....
In addition to the usual 100k - 200k purchases from people like us there were many bigger trades today in the millions. Hardly Mums and Dads...
NAL looks very good for a variety of reasons.....when I read the negative posts on this thread I just remember CQT - I didn't listen then - I am not listening now.
How many times has last year's dog been this year's star .....NAL will continue this tradition big time imo.
Looking forward to a strong Wednesday for NAL.
EB
NAL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held