No predictions or even gut feelings....just an observation that often a break above a key moving average like the 50, that it often doesn't hold the first time, but rather can take a few cracks to break and stay above it.  Hopefully this won't be one of those times, I want nothing more than for this nascent rally to continue and gather momentum.

The loan is due August 4th, a Sunday....so it seems we should have news on some sort of a resolution either Thursday or Friday.  Although with Resverlogix nothing surprises me anymore.  If Friday comes and goes without news on the loan I'll be surprised, but I won't fall off my chair.  

There always seems to be some hurdle Resverlogix has to get over....financing and the need for capital is near constant.  The previous loan needed to be taken care of in 2017 but when it was there was the mandatory delisting review that didn't get resolved until 2018, the covenant stipulating Top-Line data by Jan 31st 2019, the previous maturity date of May 4th and now the new August 4 maturity date.

They've cleared every hurdle so far....and like everyone it seems, I expect them to get over this latest one as well, and to raise whatever funds are needed. Seeing the PPS rallying despite the pending challenges to me is a bullish indication....