GUYS, you know me, I don't short EVER, and I rarely even remotely badmouth stocks, but this wreaks of hype to me.
This statement, supposedly from an IR person bothers me:
" When, and I do pray for when, we finally get these results, Celsion will be on the cover of every newspaper in the world."
Geoff Eiten, Investor Relations
www.celsion.com
While I share the IR guy's above sentiments (having lost a father to cancer), this is not approriate for an IR person (assuming this really CAME from an IR person) to say, imo. I was troubled last week by the WORDING of the PR. It made it sound like they had already done testing on humans, and of course they had not. Even the guy here says they are 18 months away, so you can probably double that optimistic time frame before any potential sales take place. Then if the FDA determines that they have done enough testing, then approval could take place....could...take palce.
What also troubles me is that Phase I does not allow testing on humans to my knowledge, yet he says they will begin doing so shortly.
This is a long proccess, not the short one he describes and there are many hurdles before the can "tell the world".
Be careful...this one wreaks of hype and I feel sorry for those that jumped in at the high on Friday over $2.00...only to see the stock back to $1.15 in less than 5 minutes. The MM's are probably foaming at the mouth knowing all the bucks they'll make on this one Monday and Tues, then by Wed. it'll probably all be over. This is one for sophisticated Daytraders as they will run it up and drop it, shake and bake, etc. The one thing that will move this up big is if briefing.com picks it up. Then it will rise or fall dramatically on what they say. Same with Joe Kernan on CNBC. If you play this stock, be aware of those factors and what the MM's did Friday, although I am not sure if this has that much excitement going into Monday. It doesn't look yet like it does.
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If i were invested, I would want to talk personally to the IR person and the CEO and do as much DD as I could .... and fast. I would have done that already and at least got a "gut" feeling on this. Maybe the company is okay, but the IR or others playing this are out of control.
Lot of questions.
I bet some WIN and many will LOSE on this one before it is done. But it will be fun to watch...maybe I will eat my words, huh? After all, I've been wrong before.
Good luck,
DAVE |
