Seems a few people did buy shares today, yes?
Like I said, this was an *awesome* financing deal for both the company and shareholders.
And the market seemingly agrees with me.
If pre-market was the final determination, there'd be no reason to open the market.
And since you mentioned pre-market and no trades, GTXI isn't down pre-market right now, is it?
Again, it's a good financing deal for both the company *and* shareholders.
GTXI raised money in a way that benefits both the company and current shareholders.
I saw this same sort of situation play out with XOMA some months ago. XOMA did a raise, and the stock popped big on the same day.
And today, XOMA is trading 200%+ higher since their raise. And it's because the raise was NOT the typical, shareholder-crushing biotech raise that usually occurs. (Example: CTIC, AEZS; etc.)
Chairman Hyde made this raise happen, and at a price that is HIGHER than the current price. This is a very rare fundraising event in the biotech world, and the market will recognize it as such.
Yeah, the stock occasionally pops up.
So what? For *years* this stock has been a sell on the bounces.
Yesterday's bounce took PPHM to a SIX MONTH high. Hardly celebration worthy for those longs that had their money tied up in this failed stock during 2013's massive bull run.
My point? PPHM management has failed shareholders. And they have been failing shareholders for many, MANY years.
Yesterday's mini-bounce is an excellent example of how this stock has traded since 1996, and in turn PPHM management's failings. PPHM is NOT an investment; rather, it's simply a pump and dump trading vehicle.
The chart clearly shows that PPHM has traded *below* its current price for the vast majority of the past two years.
In fact, PPHM has traded below its current price for most of the past THREE years.
Like you said, look at the chart.
"Note: when there is lots of bashing in a board, it means one thing, shorties are scared..."
Really, smart guy?
So the bashing of Enron, Worldcom, Bear Sterns, Washington Mutual and countless other now defunct stocks/companies occurred because the shorts in these companies were scared?
Scared of what? Having to pay excessive capital gains taxes on their massive profits?
Next time you graciously decide to share your investing acumen with everyone, if at all possible try engaging your brain prior to typing.
The GS-06 Federal employee who listens to the pathetic messages left by desperate longs is on vacation.
But when she returns to "work" on January 6 2014 she'll listen to your call and then ignore it.
Management has done *nothing* to counter the brutal selling of their company's stock.
And the longer management allows the stock to simply "take care of itself," the worse it's going to be for shareholders.
ARIA management has failed to properly tell their story.
As a result, the market powers are in control of this stock; and not the people that could/should be in control.
That being, ARIA management.
And yet, management sits on the sidelines while the stock continues to tank.
Weak, incompetent management allows a publicly traded stock to "take care of itself." And when this happens, stocks tend to fail.
ARIA should be right back into the mid to high teens right now as a result of the FDA news. And yet, the stock languishes in the single digits.
And the one group that could immediately reverse this situation is management via some well-written press releases.
ARIA management, however, is now MIA...
GTXI management continues to fail shareholders.
Day in and day out the stock falls lower, and lower, and lower.
And what action has management taken on behalf of shareholders to stem this continued red tide of losses?
Answer: Absolutely nothing. As proven by the stock price.
And yet, management keeps on getting paid.