I have found the selling in the past few days to be puzzling. It must be smaller short-term flippers who want to go somewhere else for action? Anyone have any thoughts?
It is public knowledge that they will be featured at ASCO when they release the AE-37 Phase II Trial results, so that is good news on the horizon. Although we haven't hear anything from India in several months, that could also pop up any day.
There's always the "bankruptcy tomorrow" crowd over on Yahoo, but GNBT has plenty of cash on hand to survive awhile longer. They got about $2.5 myn from exercise of warrants in their 4th quarter and another $2.5 myn from the recent financing. Say what you want about all the dilution coming, they are not going to run out of cash right away.
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