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Re: biotech2010 post# 3360

Monday, 06/18/2018 8:18:06 AM

Monday, June 18, 2018 8:18:06 AM

Post# of 3834
There is no doubt that they will also be a buyer if a secondary is offered to raise cash. That secondary will likely be well received and might even have the effect of propelling the stock higher. It would be negligent not to issue more stock at this greatly increased price. But will it be fair to current shareholders? I am just wary of this Wall Street Game of rewarding big investors and insiders at the expense of retail. It might not even drop after the secondary and they could not even need one with a partnership or buyout. But GALT will look a lot more attractive with a boat load of cash raised off the backs of late to the party retail. I have been watching for a year waiting for the cash issue this be resolved before investing. Not advice to others as there maybe a lot of quick money to be made riding the Momo train. It is just not my style as a quick drop might ensue on the next stock offering. I was spooked by the recent insider sells because they exercised al there options and sold them all. I might miss out but I will not suffer the risk of a collapsing parabola. A pump article came out this morning another red flag. That said the science story is compelling and has my interest for a long term investment.
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