RE:The dreadful deal"He said as promising as the company looks he would probably avoid it"
I am trying to move on but this deal doesn't make sense at all, we have been waiting for almost two years for the NASH, even they have to do some adjustments as per PR it looks like it's definitely a phase 3.
This is the problem they created by rushing to an awful deal again primary effect is millions of these shares goes to folks who might want to bail out for a small premium putting a cap on the SP for good while(I hope I am wrong) unless we get really good news on the cancer front so those new shareholders stay put.
The secondary effect is what your friend said, when company jump on a deal like this diluting to this magnitude so early many folks start doubting the company's prospects which is understandable when company itself seems to have doubts otherwise they would wait a bit longer.
Another thing as your friend mentioned why not reaching out to decent US based brokers rather getting involved with same old crooked brokers?
None of this makes sense for a soon to be phase 3 NASH company, phase 1 oncology and growing sales.
Did they try to look for a partner?
Did they try to maximize the SP appreciation on the back a brilliant PR?
Did they reach out to US based brokers explaining the great prospects of THTX?