Geron announces the purchase of a Porsche dealership thereby exercising another 20mil share to make it an even 180mil outstanding. With this acquisition the high priced talent at Menlo Park should be able to shave several minutes off their commute time there bye increasing their availability to shareholders for an additional 0 minutes as is currently the case.
Main line support is $2.30. Wasn't sure if the MM would breech the $2.81 signal last week but in such an ugly market he ain't takin any prisoners. Without news we's all toast crept fur thems hedgefund shorts
This is trading as if he's exercised the last registered shelf, just before the proxy date May 17th.
keep seeing more and more shares added to the tally 160 mil latest count
the only people making money in GERN are the hedgefunds shorting it and the management team. Shareholders have been raped
an over hanging acquisition is not a reason for a pay hike increase. The only hanging here should be GERON's CEO by GERN's shareholders. If he is elected in again on May17 you will know with certainty this company is entirely fraudulent. How could shareholders vote in a management team responsibly for a 50%loss of market capital? Janssen may be looking for a market cap buy out closer to $200 million. Gern's cash is worth only 70 cents /share now