What happened to 7? LOL
At least you're being a little more realistic now. The gap was already filled between 9 and 10.50. I think we could go into the 11's with announcement of dilution. If OMER management is smart (which I think they are), they would announce dilution this week for 2 reasons (1. Wedbush let the cat out of the bag, so get the gorilla out of the room. 2. With shorts forced to cover this week, it will soften the blow.). Once all is behind, $20 is realistic by EOY.
I guess u r right, $7 is probably not going to happen but dropping to $10 or so is very possible with the 2nd offering coming for certain. They r running out of cash very fast and the offering is coming this upcoming or following week 100% for sure. It would be better to sell a long postion now and then rebuy after the offering.