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Posted On: 03/16/2017 10:17:37 AM
Post# of 416
It really depends on the trial results. If they are as positive as some are forecasting, I think we can see a similar move that we saw early on with OWCP, where this can go from .05 to high teens in one trading session. The float is actually smaller than OPCP so it should move very fast w/ the right catalyst.
The key thing on this one is going to be if the company sticks to their timelines. If there are no results by the end of March, we might see some panic selling. It appears to me that company is laser focused on getting the PPS back up where it was earlier this year. The 52 week hi is .875!!!! I believe this is way over sold due to dilution, but they just cleared all the outstanding notes, so again this should move very fast if the news is good.
I hope this helps.
GLTY
CC3
The key thing on this one is going to be if the company sticks to their timelines. If there are no results by the end of March, we might see some panic selling. It appears to me that company is laser focused on getting the PPS back up where it was earlier this year. The 52 week hi is .875!!!! I believe this is way over sold due to dilution, but they just cleared all the outstanding notes, so again this should move very fast if the news is good.
I hope this helps.
GLTY
CC3
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