We hold because we believe in the drug but also because some of us are 80% down and not worth selling if some how PR or SW pulls a rabbit out of the hat on a non dilutive funding deal. Management should have raised a couple $100m a few cap raises ago and the stock would not be 29c today. Looking at a real possibility the FDA delays keep on coming while PAR shows a 4C in a few weeks with ~20m cash remaining for the end of March. i do think we are looking at a cap raise very soon and hopefully 20c or above because things could be worse when the market cap is low and cash is low. I do think decent deals will come once the dose is locked and P3 is underway but we need more money to buy us this time and then we can negotiate from a position of strength. I do believe PR has not been aligned with long term share holders for a while now, the options are just
an example. I do think the company was turning a corner when Marco came onboard (stock price went up to ~$1.70 and by time if I remember correctly) and maybe found us a deal that PR dismissed due to wanting something better believing at the time he can just cap raise and wait for a better deal as he sat on a high salary and the FED was only half way lifting the cash rate to todays level all in my opinion of course.
on a side note I do believe in PPS and keen to get it of label like another poster on this forum soon. Would love to average down but not till funding is sorted.
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Last
19.0¢ |
Change
-0.010(5.00%) |
Mkt cap ! $66.54M |
Open | High | Low | Value | Volume |
20.0¢ | 21.0¢ | 19.0¢ | $203.4K | 1.019M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 387930 | 19.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.5¢ | 65468 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 387930 | 0.190 |
3 | 57000 | 0.185 |
10 | 205428 | 0.180 |
6 | 140904 | 0.175 |
8 | 615605 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.205 | 65468 | 2 |
0.210 | 28079 | 4 |
0.215 | 30000 | 1 |
0.220 | 27066 | 4 |
0.225 | 21604 | 2 |
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