RE:AIGH Capital Management new stake reported They seem to be overweight on biotech/pharma.
So Leah et al got 4 institutions onboard, from what you say here in advance of, but likely expecting, an offering. Is that a good return for 12 months work? Presumably these guys are being chased by 100's of small biotech.
SPCEO1 wrote: AIGH, a small money manager out of Baltimore, added nearly 3 million shares in Q1 to the roughly 570,000 it bought in last year's fourth quarter. I imagine most, if not all, the newly acquired shares came via the OO. They now own 3.8% of the total shares outstanding and are the third largest shareholder according to Bloomberg's data after Soleus and my firm. But I also know that Bloomberg's data does not capture all the shareholder groups accurately, so they are really more likey the sixth largest shareholder.
Unlike Soleus, I don't think AIGH brings anything extra to t he TH party. They apparently are just a smart money manager who knows a bargain when they see one.