Re: Rules of thumb and broken thumbs...
in response to
by
posted on
Sep 30, 2020 02:48PM
Hey fuzzyjr are you trying to fill a position that you vacated yesterday? Nothing has changed in a day. Just because someone takes some profit along the way doesn't mean the path to the destination has changed. A number of us bought shares below .80 and taking some profit along the way is just normal business. Planting seeds of dought in the masses is a strategy to reload but I don't think your comments are justified at this point. There is less than a handfull of companies that have SGLT2i drugs so that narrows down the companies they are talking to.
DM last spoke publicly on Sept 10th and it didn't sound like they had a Term Sheet in hand at that time. It did sound like they were well on thier way to a Term Sheet but it wasn't in hand on the 10th. Those that apply a little logic and come up with reasonable time lines. If a Term Sheet was received on the 11th, the day after DM's last presentation then they would need 4 to 6 weeks for legals before there would be a press release about any deal. That puts us early to mid October at the earliest before we would hear of a deal.
The share price movement yesterday is just a little noise on the way to a destination. Kind of like the kids in the car saying over and over; are we there yet? These daily ups ands downs between now and then are just opportunities for the short termers to make a little jingle along the way.
What was interesting is that when both you and mazila's stated first thoughts were, are they going to do a raise and go it alone, which I don't believe is even possible given thier track record, my first thought was, these guys are trying to reload. Theres something for everyone in this story.
tada