CytoSorbents Corporation (CTSO)

[orangecat]

Just my opinion, but I think the success fee trigger and price stalling just below 8 is not a coincidence. The company sold over $3,000,000 dollars worth of shares so far in the first quarter using the $25,000,000 shelf registration and the Cantor Fitzgerald ATM deal, at an average price of 7.91. There were a few very high volume days so far in this quarter. The success fee is triggered by 5 consecutive trading days above $8. Wounln't it be better to let the price rise up on those high volume days so that they could then sell at a higher level causing less dilution? That is, unless, they were purposely trying to delay the success fee. This stock is easily manipulated on low volume. It would not look good to have to pay the success fee, even if it was in shares, only to have it dip back to the mid-7's or lower a week or even a day or two later.