more news is yet to come. I am still holding thousands of shares and even though I could cash in, I won't for several reasons. One key factor is they brought in Mr. Kufe, who has a tremendous knowledge base. Two, is product attack in an area that will bring if successful, a very lucrative earnings potential. Third, I have watched several large companies using cash to grab the tail of smaller companies.
I am pleasantly surprised that we held at this level despite the high volume. While it sounds like a good long-term deal for Synta to secure funding if needed, I figured that this implies that nothing is happening in the short term but dilution, and that more people would bail at this point.
I hope that this is just Synta being extra-cautious, and that good things will be coming for _us_ very soon. :-)