Cellceutix (OTCPK:CTIX) trades on the OTC Bulletin Board, with a market cap of $172M [for key stats, see yahoo] at the time of writing this. It has slightly under 100M shares outstanding and has traded in the last 3 months more or less between $1.50 and $2.30 judging by the charts [one has less confidence about the price figures for unlisted stocks]. The price, a year ago, was about 70¢/sh. What is behind such a rise is the interesting question, as well as where it is headed. Such a lofty valuation for a biotech firm that still has not published any clinical data on efficacy, has only $1M in cash, and has $2M in debt means that...
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