The choir is sounding pretty flat....
in response to
by
posted on
Mar 04, 2016 10:24PM
I didn't bother listening to the webcast, and based on the reactions I'm seeing here...I'm not going to bother. If I want smoke blown up my nether regions I'll get a short length of hose and a pack of Winstons instead.
Yesterday I was wondering if the reaction would be black swan, white swan...or "meh". Well it looks like "meh" is the verdict. In the trading after the completion of the webcast the PPS went from $1.54 to $1.47....not as low as it has been recently, but headed in that direction.
Looking at the post webcast trading it looks to me like there are likely some shareholders at least reducing their holdings, if not selling out entirely. And based on the current fundamental realities I would find it difficult or impossible to mount an argument for holding tight or buying more.
I'm not going to get excited about anything foward looking like possible licensing deals because, as has been mentioned by long term holders many times, DM has a history of over promising and under delivering....
BDZ made note of the upcoming confrences/presentations etc....but over the past 12 months we've already seen lots of that stuff, and the market let out a deafening yawn.
About the only wild card for me is the prospect of analysts coming on board....Even if its more of the same in terms of Resverlogix having to fork over shareholder money to get something written up. I have seen other companies engage paid for analysis and absolutely explode.
Years ago some shop called Barrowstreet was hired by Adzone Research to tout their company. If memory serves they were eventually charged by the SEC but regardless ADZR went on a sustained run from something like 10 cents to over $5.
One last little random thought on RVXCF trading higher on the pinks with a close of $1.15....according to Google's currency converter $1.15 USD = $1.53 CDN. But there was 0 trading of RVXCF after the webcast, the last Pink trade took place just after 1PM EST. So it would appear to me that the bump just brought the TSX and Pink prices in line. RVX on the TSX didn't start falling until after the call ended....RVXCF on the pinks will probably readjust down Monday.