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Alias Born | 09/16/2009 |
Tuesday, March 22, 2016 10:34:57 PM
On 3/18 the PPS raised on news with little or no float and the demand far out weighted the shares avilable, this is why it repeatively tripped the single stock circuit breakers. The company needed to act fast to prevent this from happening or FINRA would have locked the trading. In response, they did the best possible move available to them by issuing additional shares to meet the demand and it give the company the funds needed to setup the manufacturing of the drugs soon to be approved.
Smart move by management, win win situation.
Once the additional float is distributed, the PPS will rise quickly.
I see much more upside then down over the next week. Patience will be rewarded in the near future.
Also... I have noticed that each day HTBX is moving up the breakout boards as well. This kind of exposure will continue to bring in new buyers as traders accumulate the shares.
I also believe the share distribution is near finished and most certainly ahead of the time the management estimated.
Don't be sitting on the sidelines when that happens.
Good luck to all.
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