As an original IVX shareholder I've naturally been thrilled with the meteoric rise in valuation (market cap), which is now around $240m. So IVX is no longer a micro cap. Wow!! What a valuation!
So what have they achieved to-date to support such a valuation?
1. Results of Phase 1, 2 or 3 trials for PDT?: No - nothing I can find.
2. Concrete plans for Phase 1, 2 or 3 trials of PDT?: No - nothing I can find.
3. Capable management team?: Rehired the original chief from the last go around.... hmmm.
4. Key investor with strong reputation?: Typing honsue cho into google search bar comes up with
So all that said, I've no reason for holding anymore, or likely ever again & I sold out completely today, more than doubling a long term problem holding, very happy with the result, but unable to support staying in at the current valuation levels...
GLTAH, & stay in at your own risk - NOT advice.
IVX Price at posting:
5.6¢ Sentiment: Sell Disclosure: Not Held
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