High risk stock Caketin in my opinion for the stock to drop back to .005
I lost quite a lot of money on PXS $ 3,00 down to 20c hen I sold out and I told myself not to play Biotechs ever again , except maybe CSL , however I have this time as I must say this one appears to be well managed financially where PXS was all about going alone and spending there own money hoping to be the first aussie company to go from lab to sales without partnering with the big drug companies
The market cap on vhl is $6m at .008 , they have $4-5m in the bank and all of the things they are working on are being funded by US grants.
Ovarian and breast cancer deaths are on the up , and if there is an alternative treatment found this will be a global takeout , I see little risk of any further funding requirements to keep trialing , if they do get positive results it wont matter as the stock will pop and they will get taken over , if they fail , they have cash to look at other things during this current government sponsored trials.
Why I think it is possible to drop to .005 , is because i dont understand all the buying 3 or 4 months ago that saw the stock rise to 1.5 is coming out .
The stock is trading big volumes for such a small market cap , it got sold down after the placement to raise the current cash at 1c ( Pattersons did the raise )
I also dont understand why all the buying came in last week and all the same selling volume continues this week , if you bought the stock at.007 why sell it at .008 if you believed they might have such potential , I just dont get that , will hold but am skeptical as why the high volume is not soaking all the old sellers , or is it simply all daytraders ????.
VHL Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held