GREY:ATBPF - Post by User
Comment by
JimmyJon Jul 17, 2021 9:25pm
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Post# 33565887
RE:RE:RE:RE:RE:RE:RE:52 week low
RE:RE:RE:RE:RE:RE:RE:52 week low Doccole wrote: I don't mind him as a person, prolly a great guy. I don't like how this strategy has unfolded. I am not sure what is up for vote, haven't looked yet, but I will be saying no to any "atta boy" shares and no to things I don't endorse.
Where do you think the SP would today if the Connacord raise didn't happen back February following the Nuance deal?
We'll never know but based on historical data in this industry, it would gone up maybe to $8 or $10 max, followed by a slow bleed back to these levels guaranteed. When catalysts are 6-8 months apart, these stocks always drop. It's the nature of biotech. It's a damned if you do, more damned if you don't situation for Dan. He had an opportunity to increase the cash reserve with little impact knowing exactly where the SP was going in the long run this year. It was the right call IMO.
As sad as it is, this won't be the last time we see a major claw back with this stock. There will likely be many more before they hit it out of the park. It's going to be a bumpy ride to get there. Sit back, buckle up and enjoy.