GALT: Institutional investors increased their holdings in GALT by 36.4% Q/Q, with 2,595,180 net purchase. 62 institutions have a holding in GALT shares. These institutional investors hold 20% of GALT's total shares and 22% of its float. Insiders and 5% owners hold 10% of GALT shares
Meanwhile, reality check, shows USD 1.96.
This remains a major #$%$ shoot.
I suspect we will linger here for 3-6 months.
Establish a core position, wait, and keep dry powder ready for the future.
If they are getting too fat, they may develop NASH
Self interest for cure might motivate them.
The pump was in the setting of a firm known as ICPT that reached a 5 billion dollar market share..... It didn't happen in a vacuum. ICPT is slowly losing its market cap.
That's why I think the lawsuit is bogus. The overall sector was artificially blown sky high at that time.
Where do we go from here?
Any inkling of this being a success and a Big Pharma comes in.
Good luck to you in all your investments.
You knew what this was when you entered into it. A highly speculative biotech stock. The science in animals models and knockout mice seemed sound. The industry is hot, the need for NASH cures great. This is a company with an idea.
I am down significantly here, and I am not happy, but this is far from over. Partnership may happen. Who knows? Come back in 6-8 months- just please stop whining.
Can a partnership with Big Pharma be far behind ?
Not worried about money or nonsense lawsuits.
Just worry that the trials succeed.
If they do, this is a 300 dollar stock
I think a partnership will be coming with any hint of good news, known only to the principals. They will keep this very tight lipped. Then the money concern will not be as big an issue ( IF there is good data, of course. )