Lets face it. the low share price of $1.30 gives cytk the outward appearance of a struggling penny stock. Moreover it is not marginable. Anything to make it over $5 can only help. PCLN and SRPT did it and still thrive based on fudamentals.
I totally disagree. PCYC didn't need that to get to much higher heights. Slight of hand by a company with a good product but wants to FOOL future purchasers into buying shares based on an above $5 share price is NOT the way to go....for some maybe...but not CYTK. This is a bogus move that will damage CYTK...not help it.