Cyclacel Pharmaceutical Inc (CYCC)

[BAMF1984]

No. They're in the midst of a public offering where they are selling 10,000,000 shares for $1 each to raise $10M to further their research. They've been very up-front about it and legit. That $1 price is a 27% discount off from Tuesday's close. Once they're done selling the 10,000,000 shares, the price should, in theory, pop back up to normal levels. Last week this was touching $2 and got as high as $2.13.