Viking Therapeutics Inc (VKTX)

[BrazenBull]

Hey CBD,

The only thing I can think of is that the buyer of their shares, Aspire Capital is in the process of buying. VKTX controls the buying and selling of their shares I believe.

I read through the last filing and it seemed like the wanted the average buy price to be $1.28 They already paid $500k for shares at $1.50 so they might be bringing it down a bit.

My position is down quite a bit, and I am holding quite a few shares.

They are still backed by Ligand which I confirmed through their IR.

I might be taking a big risk, but I am buying this dip. Bought pretty heavy again at $1.21

IMO they are just securing a larger cash position for the next year. Currently they have around $17mm in cash.

I won't be surprised to see it go a little lower, but I am holding this one for the long run this time.

I feel they have a strong management team here.