no. UA has been alerting stocks and they seem to dump thereafter like RVDO; yesterday they did PHOT and almost immediately it started to fail
no fear of the SEC in todays wild west market; Roth and client prob bot below .50; gun it up with BS $3 price target - they sell to retail, retail gets left holding the bag and then it plunges and Roth can rebuy - this also says alot about management - screw its own shareholders
Roth and HC would like to extend a big thank you to RNN shareholders for $ - ha-Rexahn has agreed to pay the placement agents an aggregate fee equal to 6% of the gross proceeds received in the Offering. Pursuant to the Engagement Letter, Rexahn also agreed to reimburse Roth for reasonable out-of-pocket expenses incurred by it in connection with its engagement under the Engagement Letter, which will not exceed $40,000 without prior written approval of Rexahn. Pump with a $3 price target and walk away with 1.2 mil plus
they put out a $3 price target and pump the stock probably knowing of impending $1 stock sale; tell me most of the heavy sellers the last 2 days were not given the heads up
tiny offering only days after the outrageous $3 price target just to lure bagholders and do a placement; only 20 mil gross and the pumpers get 6% of that; guess the next prophetic price target will need to be higher - how about $5 or $10 - come on the roth guys need to feed their families
did they and RNN management know an offering was in the works? why set a price target right in front of an offering unless you want to pump up the price
old Joe forgot to mention that when he said this Roth and RNN management had an offering planned near a dollar and that roth had a conflict of interest as a placement agent looking for a commission
even the SA cheerleader acknowledges the need for cash - "Thus, despite its current cash balance of $19 mill. and an annual burn rate of about $10 mill. to $11 mill., it could lead to dilution down the road if the company chose to progress one or more drugs into pivotal trials." how soon before the next offering?