I wonder why ATHX MGT hasn't bought any stock all year but in the last couple of weeks has sold 45 million (1/3 of the market cap) in stock to raise cash for operations?
Just makes me wonder where they are investing their own money and why they feel they will get a better return elsewhere.
I'm bashing a little but I do hold a small position just in case. I do wonder where the well paid MGT invests their money when the company stock is 2 bucks a share and "extremely undervalued" per the CEO.
Where did you come up with the 45 million figure? They will be selling 20M shares plus warrants worth (who knows how much?). The Aspire deal is at their discretion - they may choose to not sell any shares to Aspire, depending on their needs. Neither the Aspire shares nor the warrants count toward market cap at this time.