Continual Daily Selling is GoneIt is interesting that the continual daily selling that drove the price of RGX down, down, down over the last several weeks stopped about the time the latest financing deal was announced. I'm not talking about "Mr. 1000 shares" as Rancher would call them, but the moderate sized sales that were continual.
Yes, there are reasons to sell. However, I am reitering something that I suggested a few weeks ago regarding potential selling reason. If you knew or had pretty good evidence that another financing deal was upcoming, and you planned to participate in a large way, then it could make sense to manipulate the stock price down. Doing so enhances the financing deal terms to the participants (by virtue of the significantly reduced stock price).
Force the price down with continual selling pressure for weeks, buy into the financing deal at very nice terms, make lots more money later when the company proves out the process.
I obviously don't have the information to prove such a theory, but I'm just saying it is a reasonable possibility. Further, if that were the case, then it actually could be considered bullish even though the stock price got smashed. Bullish in the sense that a bigger investor or existing shareholder wants a bigger slice of the pie.