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Share Name | Share Symbol | Market | Type |
---|---|---|---|
PAO Group Inc (PK) | USOTC:PAOG | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.0001 | 12.50% | 0.0009 | 0.0008 | 0.0009 | 0.0009 | 0.0007 | 0.0007 | 1,338,237 | 20:56:38 |
July 23, 2020 via NextBigTicker.com
PAO Group, Inc. (USOTC: PAOG) announced a management takeover and medical cannabis strategy revitalization last week that sent the stock soaring nearly 1000% from $0.0003 to $0.003. The next step in PAOG’s revitalization strategy has the potential to send the PPS to as high as $0.10.
The revitalization involves two pending acquisitions. One of the acquisitions will give PAOG a treatment for Chronic Obstructive Pulmonary Disease (COPD) derived from a U.S. patented cannabis extraction process. The developing drug is called RespRx and the market for COPD treatment is anticipated to reach $14 billion by 2025.
The PAOG PPS has already broken through its 50 Day and 200 Day Moving Averages (MA). The 50 Day MA Price has now crossed above 200 Day MA attracting technical bulls that also enjoy the massive trading volume.
The PAOG PPS was over $0.01 in January of 2019 and little is standing in the way of the PPS rapidly returning to the $0.01 level.
The company has indicated both acquisitions are expected to be closed by the end of July. That’s next week. An announcement of the RespRx acquisition could trigger a run.
A $100 million valuation is not exceptional in a market where pre-money valuations of biotechs easily exceeds $100 million. OTC trading dynamics might lend to resistance of the PAOG stock climbing to a $0.10 PPS and $100 million valuation, but then again, those same OTC trading dynamics could lend support.
With the PAOG PPS having already exceeded the $0.01 level in recent history with less resources and assets under the hood, a PAOG breakthrough over a penny is a strong possibility.
GW Pharmaceuticals (GWPH) has blazed the trail for cannabis pharmaceuticals. Frederick Ferri, CEO of PAOG’s target medical cannabis acquisition said, "Doctors involved in research with our extracts have given me feedback that our extracts are superior to those of GW Pharmaceuticals.”
PAOG’s target medical cannabis acquisition, in collaboration with Beech Tree Labs, Inc. (BTL) conducted a series of in vitro genomic experiments to evaluate the potential of the target’s cannabis extracts derived from the subject patented extraction process in the treatment of respiratory diseases. There are a significant number of genes associated with COPD and Asthma. The experiments evaluated the ability of various formulations to change Asthma or COPD associated gene expressions in human small airway epithelial cells. A cannabis extract alone demonstrated remarkable activity in gene arrays by up- or down-regulating individual genes by as much as 200-fold. Genes appearing especially sensitive to the introduction of cannabis extract were associated with inflammation, healing and cancer inhibition.
According to the World Health Organization, 65 million people have moderate to severe COPD with three million deaths annually. The treatment of COPD is currently estimated to be $5 billion in the United States and $11 billion worldwide.
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Disclaimer/Safe Harbor:
This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.
Source: www.NextBigTicker.com
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