RE:ShortsCharly50 wrote: ....man could also say the price gap is closed
and the shorties have to stock up.
Sorry Charley, but it won’t work that way (IMO), at least not for a while yet.. Strategic partnerships are nothing new for Evotec and 20 million euros is chump change to them…lots of upside if things go well and a nice tax write off if things go south.
Also, strategic partnerships don’t always mean the SP will rise. As an example: my other risky stock is GENM. Wheaton Precious Metals gave GENM in March this year a 240 million stream with 40 million upfront for initial construction costs related to its mine development. As soon as this great news was released, the SP immediately started a drift down from $1.00 to where it sits today ($0.75). Oh, and BTW, their IR team is stellar…but makes no difference. DonkeyFeathers has alluded to this for quite some time. If they want your shares at a certain price, they’ll do whatever it takes.
Wonder if Witkowski will be standing at the podium this June. Hope so, as that would help things along. In the meantime enjoy the spring weather!