This is somewhat of a rhetorical question, but what happens if the stock continues to consistently appreciate by around $0.50 - $1.00 per day for the next two or three weeks -- and THEN we are lucky enough to be granted approval or EUA?
This is not an irrational and flagrant pumper post, it is a question based on what we have seen since June 19th. It is obviously impossible to know if this price appreciation trend will continue, or if it might flatten-out or maybe retrace before a FDA decision.
However, on the blue-sky assumption that it continues, and using a time value of three weeks (15 trading days) before we could have any expectation of a FDA decision, we could conceivably be trading at $15 (($0.50 * 15) + today's price) or $22 (($1.00 * 15) + today's price).
I never assumed we'd be trading at either of those levels prior to approval. And it begs the question regarding how high the stock might climb from those levels, if we receive any kind of approval.
This is not an irrational and flagrant pumper post, it is a question based on what we have seen since June 19th. It is obviously impossible to know if this price appreciation trend will continue, or if it might flatten-out or maybe retrace before a FDA decision.
However, on the blue-sky assumption that it continues, and using a time value of three weeks (15 trading days) before we could have any expectation of a FDA decision, we could conceivably be trading at $15 (($0.50 * 15) + today's price) or $22 (($1.00 * 15) + today's price).
I never assumed we'd be trading at either of those levels prior to approval. And it begs the question regarding how high the stock might climb from those levels, if we receive any kind of approval.
