I'm long but the fishy management sold million shares for around 5million. Just 5million as company had 70m. What the necessity. Questioning mngt ability.. they don't have confident on next results or partnerships.... #$%$. Killing the faithful investors.
...nothing fishy here. Management just needed xtra cash in the till to cover those generous Christmas bonuses they'll be doling out bfr the increased tax liabilities go into effect next year. They certainly are playing like the big guys.
Management is very confident about ESTABLISH-2.... Jeff Stein has stated this publicly. Said ESTABLISH-2 "de-risked." Also said they are several interested partners and they're constantly talking (see last webcast). His twitter account has been tweeting a Harvard professor that is an expert in negotiating about taking his seminars.
Seems odd, no doubt, but plenty of biotechs do stuff like this.
Jeff Stien certainly hasn't "de-risked" the drop in SP this company has experienced over the past few months from $6.34 down to whatever today's low of the year will be. Most biotechs I've experienced that have diluted usually have done so when the SP is sailing. It seems rather punitive on any investors left holding TSRX. Those weren`t your 8,900 shares after hrs. were they