RE:RE:RE:SP AP
We'll soon have the answer to your "fair price" question.
Shades of July '21 ?
In any event, IMO, any raise below, $ 2 - $ 3 is dilutive, and likely greed - motivated.
The only question is whether in H2 2022, they'll select brand new identities for BayStreetWild, GoldMember, etc., assisted by stalwarts like Stocktree, and leave loyal investors ( the ones that brung them) to watch in disgust as shares go for a song, post financing. Although maybe this year, there will be less of an incentive to take advantage of tax loss selling season ( complete with some short selling and buy-backs)
And will JK be able to show his face at meetings with less than 8-10 enrollees per month when flu season hits next month ( Note Australia and NZ have reported a heavy rebound in flu for their winters) ? Moving to 25 sites now ? Pray monkey- pox doesn't overrun the ICUs
Strategic accumulation of a higher % at artificially low prices is the name of the game. Always has been. The science and the hope and promise of saving lives appears to be secondary. Until that is, someone gives the signal that they have enough.
Thinly traded Spectral, operating off-off-off broadway by design marches to its own drummer dictated by Mgt under the " watchful" eye of the BoD. The first down leg of the market in spring 2022 was defied by the # 12 horse. The next move, likely this fall or winter, will prove equally irrelevant to the less than 50 real traders, rowing more or less in unison To the calls of the coxswain.
Sad that the rest of us have to endure the squeezing out of so many shares in order to get the average Cost of a few down by 7 cents - when many $ / share ultimate proceeds IS the writing on the wall, of the gas-lit room. 40 million more is my guess. Which has the odor of rewarding incompetence, couched with some legitimate excuses.
MM