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Posted On: 05/10/2017 10:30:45 AM
Post# of 15624
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Re: truebeliever #8770
There is just near no volume with OWCP any more. People are holding and the shares that are being traded are just shorters and MMs changing hands. Very few are adding to their portfolio right now. I picked up a small number last week but the trend is looking really bad... with low volume this will get shorted until there is no more meat on the bone. Likely then it will finally be released to trade on its own merits but by then there won't be anyone willing to invest until time and huge news comes out. JMO I'm sadden by the way the market has evaluated the market cap of OWCP. I disagree with it but waiting 2 or 3 years to get the money back that I lost here is a little crazy in my minds eye too. All the boards are turning negative and the longs who are hanging on are moving their time frame further and further out. I work in the pharma and health insurance business I know there are delays but there also has to be a level of transparency and accountability to the shareholders, future investors, and potential patients. We desperately need big new and transparency with the business direction. (we were moving along to produce products and now anyone who speaks with OWCP hears of interest in a JV or a buy out.) I'm sorry but that should not be the keystone to success in revenue and it gives the image that they don't know how to convert the R&D to a real revenue producing business. Again jmo.. I agree one day down the road there is a lot of potential for higher prices but how many longs will watch this go to nothing before it reverses.
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