mc, the timing of this had nothing to do with the 13fs. the company has been planning this raise for a long time. its easy to look back and see blum positioning. the share price ran up to near recent highs after the cc and he took advantage. they also didnt do it now vs later because they think the data will be bad. that is just the way its done. its all about market conditions and going for a sure thing. Bird in the hand as they say.
glad you got out, i made some moves as well. i did think he would let it run into the 12s though. he almost caught me. well, we have a nice runup trade into data now, with no fear of dilution lol
poor one for me.
i vote for the leaky ceo!
i picked up some july 5 calls a while back. paid to much at 1.10, but looks like a good play at this point. interesting to see some options action. they have been pretty dead.
yest they are easily manipulated, but many funds dont care about the 5 dollar rule. we will find out by friday if we picked up any new investors
that may have to do with the requests from patients for compassionate use. do you remember when a trial participant begged blum for the drug at the share holders meeting? it was heart wrenching.
well this is a nice surprise. first time the stock has gone up after a cc since ive been here.
so the company has 80 million? im not trying to harsh anyones mellow, but that is not enough money.
you can be sure that blum has the play book open and is following it. he just gave us a target for data readout. from now into april, the share price will probably run up (unless the market tanks) and he will raise cash. new investors need to keep in mind that they want to pay for part of phase 3 om, so there is that. also why else did they do the rs last year if not for this moment?
now before you guys jump me, i want to say that the company needs this money, so lets get it over with. it is possible that any offering will be gobbled up fast, and if the T results are good, all this will be in our rear view and just a bump in the road. it is also possible that this is the last time that they will need to raise on us because of the billion plus dollar partnerships in place.
one more thing... classic of the company to report the results on the world stage. typical blum grandstanding.
I dont pretend to know what happened, but the warrant lock up expired on Jan 21 perhaps someone is playing games with some warrants?