RE:Theralase has never traded like this beforenewdaydawning wrote
I've been a shareholder for five years and I can never recall a time like last Friday's trading action, not to mention the two months prior.
So, just in the past month alone, TLT launches Ph2, discloses that P6 is still NMIBC-free, and files the FDA IND. And despite all that very positive news, the crooked market manipulators beat the SP down to a new 52-week low.
From my recollection, I've never before seen the market react this way to TLT's obvious progress and success.
Clearly the financing is in large measure responsible for this troubling pattern. But if this becomes the new norm, I think everyone here will have to ratchet down their expectations.
Maybe I've said this too many times thou I still think big pharma does have their hand in this by shorting and also accumulating shares to continue keeping the share price low they have the bucks to do this. A low share price as you know will make a stock questionable it can also afford the responsible person or company a large percent of TLT shares which they then will have a insider position.
I really don't think that simple wallstreet article had that much of an effect to cause such a sell off ... I put my bet on big pharma knowing they might only have a few weeks left to make their move to accumulate as much as possible ... once Theralase does the presentation on Oct 25 this company will step out of the shadows.