Wonder if shorts are nervous about conference Tues
There's definitely been a valiant attempt at shaking the tree to get as many shares as possible. Wonder if they're a bit nervous about what could possibly be released. Just to reiterate, the warrants have an exercise price of $1.90. Big $$ has a vested interest in seeing that they are converted.
The holders will not convert those warrants with the pps a few pennies above exercise price. They're going to want pps atleast 20% higher than the $1.90 at the time of conversion. When they are converted, my guess is pps gets a nice lift as the investment community should know that GALE has aprox $50M in cash and no further financing needs until FDA approval.