Threr is a complete silence by the company, insiders are frozen after Scarlett's 50K buy and are not even selling, institutions are turned off, day traders are making less money and may be scared, MM is trying to keep going through manipulation of just the day trading activity, and, finaaly, this board also is almost dead!! Yet, the ET-MM-SCLC trials are going on smoothly without any known mishaps or obstructions, the company has no debt, its cash burn is down significantly, it's not coming up with any dilutive offering and is sitting on $96M cash, and, finally, despite EU stupidity, shares of BTX - the company which is going to absorb Geron's stemcell portfolio - are still holding their value!! Isn't it the time to add more?
I understand by "they" you mean the traders and the MM, isn't it? The company management is clueless as to how to defend the share-price slide even if it's what is right thing to do. However, if you look at the institutional share-holder list, there are powerful institutions which are still holding shares more than the combined total of those held by insiders. What are these instituions doing to straighten the management? OR are these institutions still hopeful and are waiting patiently?
Thanks, supine. the management is apparently putting all its eggs in one basket: Imetelstat! The company has nothing else now! That may be interpreted as their optimism of success in multiple applications of Imetelstat. Hope it is that!!