What do you think caused market cap almost cut in half? Biotech selloff wasn't that much. All started with ATM....
Would love a hostile takeover and let shareholders reap rewards and leave Chippy out. He wants to stay at GERN and spend money on some unproven product or company. Don't trust him but love GERN science. We don't need another science that is more risk.
Any rise in stock price will be smacked down with Chippy's spending spree
Can't believe he has that power.....
and we have bottomed.
Who knows if it has been used already...and that is the point...uncertainty is not good for a stock. ATM creates uncertainty...a regular secondary is much better...you know when and how much.
and lose 100 million in market cap
At least with a traditional secondary you know when and the price....Just so much uncertainty
Yes they should have stuck to traditional secondaries...very unset with management...they screwed us
Bingo...you nailed it. A lot of people here including the ceo were just saying how wonderful the ATM was. Look at what has happened!
I can't think of anything else that could cause this drop...only good news since the ATM...I know biotechs have been hit hard but NVIV is the worse
Think LPCN could have 700 million market cap