RE:RE:RE:RE:RE:RE:RE:4,38C.....done....I think it is obvious by now that I am not going to make it to acceptance. I am not depressed so I seem to be permanently stuck on anger. As I noted previously, I would rephrase it as "Righteous Indignation"!
Look, we should never forget how TH's leadership team messed up a perfectly good set-up as it cost us a fortune and, even worse, was disloyal to us. They treated our new shareholder friends royally, took some of that royal treatment for management and the board too and purposefully excluded loyal shareholders from the party. Every aspect of that is very ugly, from the failure to get proper recognition in a timely manner for the good things TH's leadership had accomplished, to losing analyst coverage instead of gaining improved coverage, to treating legacy shareholders badly. We have seen a bit of news on some directors getting some nice option grants. Brace yourself for additional news on that front that should leave you wondering why it is you vote for these directors every year when they treat themselves royally and us like dogs. We have every right to be righteouslly indignant and would be fools to ignore what they have done.
While saying these harsh things, I would also like to reiterate that the leadership team of TH seem to be basically decent people in a general sense and have, with one gigantic exception, done a very decent job of running the company. I believe they panicked and made a horrible decision on the offering and I really cannot figure out how they managed to not get the stock price up a lot higher in a huge bull market against a backdrop of only positive news they were able to orchestrate. But that is still on them for not figuring it out.
Wino115 wrote: I like your description of it as a "turd".
It's not acceptance yet, so must stil be somethiing between anger and depression.
qwerty22 wrote: Seems you've named your grief, decided to call it OO (Odious Offering). :)
What stage of grief is that Wino?
SPCEO1 wrote: 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.