I suspect they are waiting until after it is all approved before starting marketing. There are potentially a whole bunch of announcements which they can make which can drive a marketing campaign - patent approvals, ethics approvals, new clinical sites, first patient dosed in phase 2, orphan designation, research agreements, etc.
Given the solid buying support at 1c over the last few weeks I am sure the days of sub 1c are over. The dust is settling and sellers are reducing. Soon the company will be recognised for what it is - a phase 2 biotech targeting a large market, generating some revenue (check last year's prospectus), with $3.5m cash and a low market cap of about $15m.
- Forums
- ASX - By Stock
- Ann: Trading Halt
I suspect they are waiting until after it is all approved before...
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SBN (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Will Souter, CFO
Will Souter
CFO
Previous Video
Next Video
SPONSORED BY The Market Online