Geron Corp (GERN)

[Juice Newton]

Confidential Treatment Order

Geron filed a CTO on May 22. I guess we can only speculate what this entails. Could it be something simple like an arrangement made with their partner Janssen? Did JNJ make a buyout offer? I can't imagine that's the case since they're getting the milk for much less than they would for buying the cow. Did some other company make a buyout offer? Again, doubtful, in my eyes.

The only thing that I think is plausible is that Geron is about to buy another company, drug, or some new intellectual property, which would be among the worst things to happen to the stock price right now. It would be like a supermarket clerk, deep in debt, using his little Christmas bonus to buy an expensive engagement ring for his girlfriend who is ready to break up with him.

Long holders are barely holding on, just waiting for the next leg up, but the stock is still hovering around $4. It just closed at $3.89 for Pete's sake. They shouldn't be spending money on anything except imetelstat until they get more milestone payments from Janssen.