ACRX has a full month of presentations in September. IMO this stock could easily double if good news is announced during that time.
I seriously doubt that most of the warrants, especially the ones at $0.01, were exercised and sold. I'm sure they were converted from the looks of the high volume days, but the guys holding these "new" shares aren't dummies. They know the potential to quadruple their profits in less than a year.
Yeah, I can see it behind the CNBC woman anchor's right side. Next week they'll be pointing at it as it reaches $5-$10/share
The $1 billion buyout of Sprout by Valeant was a done several weeks ago. Obviously, it was contingent upon FDA approval of ADDYI. The reporter mentioned there were other Big Pharma bidders interested, and Sprout agreed to go with the highest offer.
It makes me wonder who might be talking to PTN, and will PTN now seek FDA fast track status for bremelanotide?
I imagine much of PTN's float is already tightly held after looking at the historic volume over the past couple of months. I wonder if it has the potential to reach the all time high of $8.75 (pre-reverse split) over the next few days.
I also thought that was a possibility after watching the Cramer interview. The CEO was very non-promotional, unlike other CEOs that appear on that program. It almost seemed like the interview was scripted, and re-iterated many comments made in the February interview.
I was able to buy another 750 shares at $13 this morning. I could tell the markets were going to turn when AAPL started wobbling to the positive.