InvestorsHub Logo
Followers 21
Posts 1731
Boards Moderated 0
Alias Born 01/03/2005

Re: tonyjh post# 4680

Tuesday, 08/01/2017 8:20:19 PM

Tuesday, August 01, 2017 8:20:19 PM

Post# of 7747
My guess on the 11mil $1.10 shares is that we wanted money upfront and the doc wanted some equity ownership. Simple enough. They did it at a price both parties liked. Obviously, the doc knows that the stock is worth way more than $1.10 or he would never have done that part of the deal. They can fart around shorting and buying all they want but the direction is up, eventually. The blocks were no doubt short covering. They are depending on retail to short so they can cover. The big boys are in a bind and will rape the retail shorts that don't know any better. This seems awfully simple, buy in .80's and sit back and wait. The doc could be having CYTR hold back the news a few days to see what happens stock price-wise but I doubt he puts much time in looking at the stock price. He knows what he has to know and that is that the drug works.