RE:RE:RE:RE:4,38C.....done....A positive interpretation of the circumstances could easily be that some big new institutional buyers recognize they are getting two huge pipeline opportunities for free and don't want to waste much time gaining exposure to that. If nothing else, the odious offering did bring some attention to the stock from US institutional investors that it had not gotten previously. It seems clear to me that Soleus and others who participated in the AACR meeting last year were very intrigued by TH's presentation and wasted no time in contacting the company to see about a private placement of shares. The company waited until the NASH news was out, hoping that would boost the share price before doing such an offering. That didn't happen and then they were getting skittish about the cash burn and the bubble. While they tried to hold back for a better share price, the percieved threat of a social meltdown in the US following the attack on the Capitol accompanied by an piercing of the bubble and the possible inability of getting a deal done at all led TH's leadership to make a panicked decision to do the deal led by those same institutions that contacted them after the AACR meeting on those horrible terms.
Bascially, they really messed up what should have been a really good situation. First by not promoting the move to general NASH well and getting nothing at all from that very meaningful development. And second by panicking following the Capitol assault.
TH's leadership have done a masterful job of creating two huge opportunities out of almost nothing but they sadly offset that with doing an unbelievably bad job of selling what they had accomplished to investors and then pricing a highly dilutive deal in a way that gave no value at all to all they had accomplished. As a result, what shold ahve been a great victory turned into a tragedy.
Wino115 wrote: While I'm enjoying the THTX recognition, the rapid rise from $3.10-ish to today over just a few hours looks like someone sloppy trying to squeeze in. Not sure it can hold and wouldn't surprise me to see a bit of a retracement sometime over the next few weeks once the traders fade and need to bail. They aren't long term guys and if you read some of those sites like that Stocktwits, it's very much traders, not investors. I'd love to be wrong, but prefer nice steady gains over long periods rather than spikes that are crazy.
SPCEO1 wrote: I am not sure since just about all stocks, particularly small caps, are up big this morning for reasons that are not at all clear to me.
qwerty22 wrote: Is morning Vol higher today compared to recent weeks? It doesn't seem to be. Is this move today a sign post-financing washout is ending?
FredTheVoice wrote: 52 week/ year high
Thats very good because we will be announced like a stock on a good vibe....
FTV.