I can't remember a secondary offering that was not completed in one day in a long time. That shows you what kind of enthusiasm is on this stock. NONE. They couldn't even sell all the shares from the offering in the first day and be able to PR it after hours. Can't remember one secondary this year that didn't sell all on the first day. Yea the price might be 2.80 now, but wait a month it will be 2.00. It's a waiting game for the bottom. There's a chance that shorts bought the offering re-shorting at 2.80. I highly doubt they covered at that mark. Still no guidance on what the drug is worth from the company. Do they know? This is a joke. But it will be good for a bottom feeder. Man June and July will be ugly here. Just pull out the last 5 year chart and see the decline in summer months.
