Well having bought PIL (possibly as SVY before the change of name) at $0.001 and having sold at $0.045, the answer is definitely a yes, a stock can recover from $0.001.
The real question is more to do with the length of the recovery. . .
For 100% gain, you can afford to wait for 10 years in today's low interest rate environment.
Being a backdoor job, you could become unstuck with the 100% gain however if the next reincarnation involves a 100:1 share consolidation before the Greek job is done.
I genuinely believe the company has a good product. I've been told such good things.
However having a good product isn't enough to make a company succeed.
They've had such a rough deal with the authorities though it is very hard to see them coming back.
GLTAWH.
I genuinely believe the company has a good product. I've been told such good things.
However having a good product isn't enough to make a company succeed.
They've had such a rough deal with the authorities though it is very hard to see them coming back.
GLTAWH.
Even if PIL win, they have to find legal fees from somewhere as will not be fully reimbursed. Though if they do win, there could be damages.
Australia is still a large and local market with approvals, as is the canine sector worldwide.
According to PIL correct processes have been followed. Is the Ministry of Health attempting to set some sort of precedent involving interpretation of the regulations?
Bookmarks