Peter, I know you didnt ask me, but concerning the inside selling, that is usually not a good indicator. Insider buying is a much better indicator. People can need cash for a variety of reasons...buying a house, car, etc, and may need to liquidate stock for cash. Inside selling is usually only a panic sign is a bunch of insiders sell a bunch of shares at the same time, which is not the case here. Inside buying, on the other hand, is a much more positive indicator. Nobody would spend any money on an investment they new was bad. The question about the NDA filing, or lack of, is a very good question, and a big concern of mine as I am thinking about taking a position in this company. I don't know the answer. Concerning the delays---very common in the biotechs, esp the emerging companies.
Brad |
