The pricing pressure will continue as who in their right mind, in review of the continuous sells and pricing actions would respond to a purchase with the probability of downward momentum being so acute! The $7 M and $10 M H.C. Wainwright private placements were put into fast money hands - thus a "tough" result; the HCW analyst left for another firm and I would say CAPR is negotiating with another firm for a raise!!
Boy or women, do we miss … 3/18/15’s $10.35! All you have to do is marry the research director with NO experience as a CEO combined with a director of finance with minimal public company experience and exposure and voila - as long as you “con” certain members of the BOD – who should fulfill their roles - it works. A lot of issues re the role of leadership and interaction – so where is the PR counsel (?) to right the wrongs or clear and support the “rights” of shareholders – Have been RIGHT for weeks - STRONG SELL;
Buy ANY shares in the last offering - that is the metric of ownership and belief of their capacity and capability to produce results other than inhabiting the CEOs former building - remember that company - FAILED!
What some will do for the next fee, having collected it once at his previous firm - Wainright to Raymond/James!
Also it indicated that CAPR will be in the market again – dilution and share price be damned! Every day, it becomes a target for trading short volume and price swings. I haven’t been WRONG.
What will be the newest “story” as CAPR seeks to protect its cash position? A $75 M shelf but, CAPR will only be able to raise $10- $15 M on this round, watch the share pricing cling to the newest bottom and deteriorate! Consider on what basis they will be financing!