Hi, Hoops! I don't have any idea where the SP w
Post# of 36536
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Posted On: 11/19/2020 11:17:19 AM
Hi, Hoops!
I don't have any idea where the SP will go specifically, but I have some thoughts on it generally.
1) I like the slow, methodical rise we've had yesterday and today. I don't feel like this is a lot of trading, but investors like those of us on this board, getting some shares while they're still cheap. (I'm sure there are some scalpers)
2) People might start to lessen their fears that the company is going to go out of business.
3) Joe will hopefully not need to raise funds by dumping more shares into the market.
4) #2 + 3# mean that investors can once again start to evaluate GNBT/NGIO on the business and its potential. And the more deals are signed, the more we can start to evaluate and consider valid the potential of the stagnant business units.
So, in general, if we keep seeing progress, I feel we will keep going up. Who knows how far or how fast? Of course, big news on vaccine development and/or a successful NGIO list could certainly turn on the turbo boosters. (Just as a failure in either of those could let the air out)
Any way you look at it, moving from 5/$1 to 4/$1 is a better place to be... but we've got a long way to go as well. But a fun couple of days after a long, dark period nonetheless!
I don't have any idea where the SP will go specifically, but I have some thoughts on it generally.
1) I like the slow, methodical rise we've had yesterday and today. I don't feel like this is a lot of trading, but investors like those of us on this board, getting some shares while they're still cheap. (I'm sure there are some scalpers)
2) People might start to lessen their fears that the company is going to go out of business.
3) Joe will hopefully not need to raise funds by dumping more shares into the market.
4) #2 + 3# mean that investors can once again start to evaluate GNBT/NGIO on the business and its potential. And the more deals are signed, the more we can start to evaluate and consider valid the potential of the stagnant business units.
So, in general, if we keep seeing progress, I feel we will keep going up. Who knows how far or how fast? Of course, big news on vaccine development and/or a successful NGIO list could certainly turn on the turbo boosters. (Just as a failure in either of those could let the air out)
Any way you look at it, moving from 5/$1 to 4/$1 is a better place to be... but we've got a long way to go as well. But a fun couple of days after a long, dark period nonetheless!
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