Recent flurry WLA/Yahoo related??
Hi Amy
I suspect some of the recent activity was spec buying derived from bullish statements re: oral calcitonin on the WLA Yahoo Board. (For example messages.yahoo.com
Folks probably figured, what the hell, under a buck I'll buy some. I watch real -time trades and did not see too many large blocks (10k or better) which further gives me the feeling of a flurry of retail spec buying. The lack of follow through as it punched through a buck is not encouraging.
I tend to agree with "biobeliever" who responded to your Yahoo post. UGNE does indeed suffer from a lack of street sponsorship. Their attempts in recent years to use financial PR firms were a bust. Unfortunately, the Levy's play it almost like a closed Corp. resulting in poor investor relations strategies. In the long run, however, it is the product development strategy that will pay off for all of us. But right now, investors essentially must put blind faith to work in holding on. I would sure like to hear, for instance, from a WLA rep. regarding WLA's view of the joint effort, where it stands, are they on target, is there a high confidence level that oral formulation will be commercialized and when?
Meanwhile, will look for those announcements.
Take care
Guy |
