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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23.5¢ |
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Mkt cap ! $82.20M |
Open | High | Low | Value | Volume |
23.5¢ | 23.5¢ | 23.0¢ | $85.35K | 365.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 280011 | 23.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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24.0¢ | 44703 | 3 |
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No. | Vol. | Price($) |
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9 | 270011 | 0.230 |
7 | 119072 | 0.225 |
10 | 81449 | 0.220 |
2 | 38958 | 0.215 |
5 | 81017 | 0.210 |
Price($) | Vol. | No. |
---|---|---|
0.240 | 44703 | 3 |
0.245 | 45279 | 2 |
0.250 | 33573 | 2 |
0.255 | 29564 | 3 |
0.260 | 33915 | 5 |
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