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Biotech / Medical : Provectus Pharmaceuticals Inc. -- Ignore unavailable to you. Want to Upgrade?


To: pincus who wrote (12865)5/23/2014 3:01:19 PM
From: Littlebits  Read Replies (1) | Respond to of 13111
 
The FDA letter is dated 5/16. Why in the world did the company keep us hanging for 6 hours into a trading day before issuing a pr?



To: pincus who wrote (12865)5/23/2014 3:08:32 PM
From: boomertree2  Read Replies (2) | Respond to of 13111
 
Littlebits, I was searching for the correct words to describe this result, and I believe you succinctly captured it. Let's hope the $2.02 pps built in a material risk of not getting BTD, otherwise when trading resumes this could be a bloodbath. Most other companies applying for BTD don't mention it for this very reason. Provectus highlighted their BTD application in every PR they made over the last 60 days, which created a certain expectation. Unmet expectations will likely lead to panic selling. I am holding for the long term, and the long term just got a lot longer. The decision to apply for BTD and not pursue Phase III trials will certainly be second guessed. We have lost 3-4 years of time and millions of dollars.