RE: Lakshmi888-SNT5 Mar 2019 17:47
Hi IT. Not sure which one of us you;re asking. Firstly, sorry to hear:((
My take is that my b/g is pharma so I totally get the potential of MTFB. Ive traded this from when it first got IPO'd and been a great one to trade. I rarely hold any shares re. of the potential as I trade in and out....
Re the recent CRL, my take is that there is no point in guessing why the FDA rejected MTFB for approval as it's pointless. No-one knows except FDA and MTFB.
My understanding is that the FDA wld have needed to have provided reasoning of some detail within the CLR but it wld apear MTFB chose not to reveal that within the RNS. Why? *No-One* knows why it was rejected so Ive refrained from guessing as it's pointless and wld rather wait for an RNS to give facts.
I have traded this recently but I am also slowly buidling a core position which I will keep hold whatever happens ie if MTFB have to undertake further clinical work etc, it matters not, as it has passed the 3 CT stages so if one has time on their side, then this a definite hold for the MT-LT even if sp drops in the ST as I doubt these levels wld be seen for long.
Im adding each time this drops and if it went back to near 5p again, i wld be loading up even more and even prior to the FDA meeting. But that's just me! :)
Hpe for all LTH like yrself, this one comes good; massive massive massive potential for the future.
Suspect FDA will give it approval BUT again, until we get an RNS we dont know what they require so my opinion is totally irrelevant....
If a company can get approval from FDA, they're 'made' for life,lol! ;) Best of luck to you:))
PS I have done a chart a few wks back and irrespective of what has happened resectively, MTFB looks good for MT-LT hold IMHO....I'd put them in bottom drawer and wait. No point selling at this level.....:)
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