Some Idiots saying its oversold and it goes down further.
Why would this be oversold when they just diluted 132 Million dollars worth of shares? I believe this will get shorted down to the low 4's . Why? they PIPE deals with Deerfield will hurt shareholders. It is a replay of EXEL which could never move because Convertible notes Holders can and will be shorting this stock . EXEL has the same type of deal and its dead money. I own both, and wished I had sold off one of them. These stock are stagnant and will never move, they will continue to burn cash rapidly with no foreward momentum in PPS.