Seelos Therapeutics Inc (SEEL)

[OldtimeramI]

I don't know about a sliver of hope.

Usually share price is driven upwards in order to short at higher prices ( when manipulation is involved ). But at least in my eyes, the company had assets that made it undervalued at the time of the last private placing. You have to remember that the meeting with the FDA had not happened yet, we had still had Vitaros ex-U.S., Ferring had taken over the Sandoz territories in addition to the Takeda territory.

The problem of comparing that offering with this one is that the company is not in the same position as it was.

The company sold from the shelf registration - which might had surprised a few people versus this S1 filing. There were short term, mid term and long term milestones. The reverse split was in the horizon but wasn't an immediate threat as the company had an automatic extension that it could had requested to push back that decision until May 2017.

Much different situation now. And let's not get into the trust factor.

Sorry I can't help.