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Bullboard - Stock Discussion Forum Theratechnologies Inc T.TH

Alternate Symbol(s):  THTX

Theratechnologies Inc. is a Canada-based clinical-stage biopharmaceutical company. The Company is focused on the development and commercialization of therapies addressing unmet medical needs. It markets prescription products for people with human immunodeficiency viruses (HIV) in the United States. The Company's research pipeline focuses on specialized therapies addressing unmet medical needs... see more

TSX:TH - Post Discussion

Theratechnologies Inc > A lot of odd stuff going on
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Post by SPCEO1 on Nov 08, 2021 2:20pm

A lot of odd stuff going on

This low volume, $3.50 thing is dfinitely weird. I am sure it will make more sense at some point but it is very odd trading behavior. One theory is that Cantor is holding it there as they expect the ATM to put into action soon and are acquiring shares carefully at this level as part of a market support initiative and to wharehouse them for future selling onto clients once the phase 1a results are out. 

And Leah's name still being on the website is odd too. It is not that hard to fix - so why have they not updated it? 

I suspect there is more going on here than we know. Maybe we will get some hints on Thursday when Paul speaks at Credit Suisse's conference.
Comment by Wino115 on Nov 08, 2021 3:25pm
Would you need a market support capability for an ATM? It would be awful risky for Cantor to by housing a high risk asset inventory, wouldn't it?  The capital cost would be high unless they know more than we do. I would highly doubt they know more than us.
Comment by SPCEO1 on Nov 08, 2021 4:52pm
My theory is this - Cantor knows TH is going to raise money and they may have been given a wink and nudge, but not direct insider info, that things are going well so be prepared to implement that ATM and get that positve research report out there. But also, we are not going to sell stock at too low a price so, make sure the stock has a nice base off which to bounce if we do have good news (wink ...more  
Comment by PWIB123 on Nov 08, 2021 5:12pm
If that is the case, I now hope it takes until the end of the year to find out.  I placed an order to sell 21,850 shares today at $3.50 to harvest tax losses and partially offset gains from other investments.  I was only able to sell out around 8,000 shares today, so if the price action stays the same as the last month, it will take 3 days for me to liquidate the shares I'm upside ...more  
Comment by muslix1 on Nov 08, 2021 5:59pm
i did it 2 days ago for tax lost... but i will buy back in 31 days..
Comment by SPCEO1 on Nov 08, 2021 6:49pm
Unfortunately, that is a real risk for tax loss sellers this year. The phase 1a could easily be finishing up around now but if it goes to the last dosage level you should probably be all right.
Comment by SPCEO1 on Nov 08, 2021 6:49pm
Unfortunately, that is a real risk for tax loss sellers this year. The phase 1a could easily be finishing up around now but if it goes to the last dosage level you should probably be all right.
Comment by realitycheck4u on Nov 08, 2021 4:15pm
This post has been removed in accordance with Community Policy
Comment by PWIB123 on Nov 08, 2021 4:44pm
Surely a short-term gap fix until they have someone better suited, right?
Comment by SPCEO1 on Nov 08, 2021 4:53pm
Than has to be the case, particularly if their hiring of medical staff is an indication of a lot of activity on the cancer front in the months ahead. 
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