RE: Still no investment case, motif bio????23 Feb 2020 12:41
Agree, I would have more confidence if the placing was at a premium of 30 or above. The way I see it now, we will rise here, but the rise will have nothing to justify it, ok , we may have an rns that implies something and the herd will start ramping it up........but when the dust settles and the sp drops like an anchor, we will be left with pi's left holding the placing shares which they will have paid a premium for, only to see another placing in the near future at an even lower price. Dont get me wrong, you can make money here....as a day trader and not an investor. Since Woodfords demise, all these small start up bio's have lost their backing in the market. Gla