Re: Why is pps where it is
posted on
Feb 23, 2020 09:46PM
Rome wasn't built in a day, and patience is needed. And the share price likely remains low (if in fact your opinion is that it is unjustifiably low) partly as a result of some shareholders whose patience has run out. No judgment here.
Sorry, I do not buy your statement, “result of some shareholders whose patience has run out”. The pps is a result of not many wanting to buy a company that has no means of supporting itself without further stock dilution. The float is very small compared to outstanding shares. Most likely RVX will need additional funds soon. We should know by end of March. Even with very little funds available, RVX will not go under. Two very big players hold over 55%, HL and ECL. Their investment will keep RVX available for sale. This close to the finish line, they will not allow their investment to go up in smoke.
Something wonderful is going to happen. Hopefully the second BTD from FDA will happen by August. All of us will say thank you. Maybe, by year end, BP makes the bid.
Still long and holding. Science will revail.