RE: GMPTransition Therapeutics Inc. ("Transition" or the "Company") (TSX: TTH), today announced the closing of its previously disclosed private placement financing issuing 26,881,720 common shares at a price of C$0.93 per common share, raising gross proceeds of C$25,000,000 from two funds managed by Great Point Partners, LLC. GMP Securities L.P., Leerink Swann & Company, Versant Partners Inc. and National Bank Financial Inc. acted as the Company's financial advisors in connection with the private placement.
Key point;
"GMP Securities acted as the company's finanical advisor in connection with the private placement."
And they were buying today all the way up to the close at a price upwards of $1.80.
They could have easily accumulated their position well below todays curent price.
Take that to mean whatever you want but I can't ignore this piece of evidence. As many have said here, follow the smart money.
GLTA, but remember don't be afraid to take some profits, I certainly have.