Is $3 by the year's end "far fetched"?
posted on
Sep 29, 2016 01:21AM
I got an email today from Agora Violations, It addressed me as Led so I'm thinking it was from one of the mods here. Here's what it said:
Led, please keep the far-fetched predictions off this board. As a poster with VP levels, I can't remove your posts. So please post more thoughtfully and leave the wild predictions off this forum. (my bolding)
Far fetched? Wild? Okay....
Let's look at 2015 when the PPS went from under 60 cents to over $3 in just three months. In hindsight we can ask: What drove that increase? The big news event was the Hepalink deal of course, and we can speculate that Don's appearance on BNN and at the Richmond Club may have been contributing factors as well.
Now fast forward to the present. We have a PPS of $1.88 and I believe we were at $1.71 when I made my prediction. Last year we went from $0.50 to $3 without the company having the narrative of being a company in Phase III or any of the other recent work that's been done to hopefully satisfy FDA concerns.
Then of course there's the 50/200 cross that we had in early 2015 that is setting up again. I know some don't attach any significance to technical events such as this...but I'll put it out there regardless.
So really....am I alone in thinking that $3 by year's end is a realistic possibility? Certainly there are negatives, there always are. We know we don't have sufficient cash currently to reach the end of BETonMACE, but then there wasn't enough money on hand to complete a Phase III trial last year either, but cash on hand was healthier because the expense side was lighter....you can't fulfil a business plan in any sector without investing money in it.
As for my VP status....really that is something of a joke. I have that ranking simply because I probably post more than the next two most active posters combined.....I don't think I'm alone in calling BDZ aka Stewey Griffin our most esteemed and valued poster. If there's a way to demote me you have my blessing.
I don't think postulating that RVX could be at $3 by Dec 31st is either wild or far fetched...in fact I think it might be overly conservative. That's my opinion, and I fully acknowledge that I might be wrong....only time will tell.
Kelsee was that you who emailed me?