Senomyx: A Christmas Present For Investors [Seeking Alpha]
SENOMYX (SNMX)
Last senomyx earnings: 8/2 04:05 pm
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US:NASDAQ Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=127189&p=irol-irhome
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Source: Seeking Alpha
Senomyx: A Christmas Present For InvestorsSummarySenomyx’s stock has been decimated in recent years due in large part to serious worries about liquidity and doubt about monetizing siratose, its new monk-fruit based, high-intensity sweetener discovery.Investors woke up on Tuesday to the good news that Senomyx was monetizing a non-core asset, sending the stock considerably higher.Much more important, though, was the subsequent elimination of an oppressive equity line of credit agreement, the positive implications of which are being completely missed by investors.We believe an imminent announcement regarding R&D funding for siratose will propel Senomyx’s stock skyward before Christmas. Our price expectation is in excess of $2.00, double today's price.
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