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La Jolla’s immediate plan is to conduct a confirmatory preclinical animal study of LJP1485 that it expects to complete by the end of the second quarter of 2011. If this study is successful, La Jolla will receive approximately $7.4 million upon the mandatory exercise of a portion of its outstanding preferred stock purchase warrants held by existing investors, and the investors will then forfeit their currently exercisable right to demand redemption of approximately $5.6 million of Series C Preferred Stock acquired in May 2010. The proceeds from this warrant exercise, combined with existing cash resources, are then expected to fund the Company’s operations through the completion of a Phase 2a proof-of-concept clinical study of LJP1485. If the Phase 2a study is successful, the balance of the preferred stock purchase warrants will be required to be exercised at that time, raising an additional $3.2 million.
shorts are covering i think. They know something is coming ! IMO
haha.. nothing goes straight up.. +92% !!
O/S = 11M
extremely thin ...
23 up !!
21 up !!
oh my ... she's blowing ...
News shortly i think !!
in order to provide the Company with additional working capital to allow the Company to more fully evaluate certain product acquisition or in-licensing opportunities that are currently being investigated.
With good solid news this is very possible! I think they have something that is not announced yet. Why would they have a finance deal with nothing in the pipe?? This could be very huge !!
LJPC
a no brainer LJPC. Was a $4 stock 1 or 2 years ago. They failed on their Lupus drug and went down.
But, maybe they have something new??
LJPC
LJPC >>> +40%
LJPC breaking out again !
Took me 10 min to fill my order ! MM short ?
thinking the same. Why are we still at .004??
NRTI
News is coming!
I saw this on other stocks. When they give a 911 signal, most of the times there is a PR the next day.
With good news >>> BOOOOOOMMMM
THRA
Nice again. MM are short so do not let them have your shares. With news we see .01 again !!
THRA
I think part of it was short covering. MM maybe expect something and start covering. Remember, if they shorted this from .04 and they cover now, they made a killing on THRA. IMO
THRA
There was a massive short selling on THRA. As you saw latest days, this can fly sky high with buying pressure, it trades thin.
Maybe we have some good news this week or next and than i think this can reach .01 again. IMO
Hello Florida...looking sweet !!!
Correction about TRTI. It is another mine they are mergering with. According to their PR's both acquired the same mine. Forgot the name but it was already mentioned on Ihub.
THRA
Shorts are covering. That is what's going on. Maybe news about merger with TRTI coming .
THRA
Why not? This was trading at .04 only 6 weeks ago !
THRA
Just got home from a trip to Luxembourg (live in Belgium) !! What a great news we have here!!!
Well yes it is but i kept falling so i hope we get some juicy news now and rise back to pennyland !!
Good luck !
THRA
Thanks friend !!
Héhé...whats up?? Just arrived at home and saw this run?? Enlight me please.
THRA
Héhé...you could be right...
Thanks for the reply Xander !
Hmmm..could make sense ...
OK but why are we still at .005? This makes no sense Mo 1.
Stop pumping .. we can't even reach 1 penny on great news !
I really think he is short. IMO
Yes, with pressure this flies.
Ok, good. I'll do that !
GL
Again, trades going through and nite is not moving. Unbelievable...he must be short
Guess you can report MM with the SEC. I am no American, so ...
Again, Nite is not showing his hands!!! This is against the new rules. For God sake, who is gonna report the manipulation here!!ADHC
Yes, right! Let's see if they have something in their sleeves for us.
THRA
You are right. That of course could be the issue. But THRA fell from .04 to .0001 in just 6 weeks on low volume. That is what i do not understand at all.
I don't know for sure but i saw finra short list for the latest week and i believe THRA is shorted to death.
If the company is smart and for real, they have to announce a PR with things they are planning to or with the latest achievements.
With that kind of news, we could see a very heavy short covering of 100-200-300-400-500%
If you look at how THRA trades, you also see it is very thin-trading. So, this could be a bomb with good news.
All IMO
Good Luck
THRA