Not a particularly nice week. I've looked again at the recent news and whilst the failure to deliver the much rumoured deal has knocked confidence in the stock there hasn't been any bad news, quite the reverse. An intersting point in the webcast (around the 43minute mark if you want to listen to it) is Nick Wolfe stating:
'In some our our more advanced negotiations on both PRODUCT and TECHNOLOGY we're contemplating having corporate investors within the company....................'
Clearly with the $5m from Sigma we have now seen this come to fruition on the technology side. For such detailed negotiation on the product side we can not be as far away from a deal as many now fear.
A liitle earlier in the presentation Andrew Wood spoke of 'the potential for significant licensing deals is greater than it ever was'.
If i had just stumbled across this share i would be snapping it up at this price. I console myself with this weeks paper loss by knowing that if it had risen to 50p i wouldn't have sold, it fell to 30p i didn't sell, and until deals are done and Prosavin is in trials i'll not be selling. Still confident this strategy will see me reaping the greatest rewards.
Should add congratulations to a1bjig (or something similar!) who called it right, sold, and is now able to choose his time to re-enter. His did it too with the crap now dished out by many on the threads.
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