Oct. 24 at 10:51 PM
$TOVX if you’re holding this for a buyout, plant some cherry seeds outside. When a tree grows and bears fruit, just before you pick the first cherry, check your brokerage account.
That’s most likely about how far away a buyout is from here.
Sure it could happen sooner. But odds are it not only doesn’t happen faster, but that it never does.
Close to 90% of companies with positive stage 2 never get a buyout, even 70% of phase 3 don’t.
The odds are about as good as your kickstarter idea for convertible socks that change from tube, to crew, to ankle and then to no-show socks, getting bought up by Nike before you have to find R&D.
I mean, it IS possible.
Seriously (not that the above wasn’t), If you’re buying this long, it should probably be because you think it’s undervalued regardless of BO ever happening.
Or, like many of us, you are playing the rumor and hype, or in today’s case, momentum from FOMO which died a quick death.
I’m holding my shares over simply because it doesn’t make much sense to sell this close to the 52 week low.
Having said that, today’s ATM filing and hard stop on momentum could have us making a new low before a likely retracement up to the .40s plus.
GL
