Marker Therapeutics Inc (MRKR)

[microcapbiotech]

It's no wonder there has been a ton selling pressure when private investors got in at $2.40.

The Company's largest stockholder, Eastern Capital Limited, has entered into a Common Stock Purchase Agreement with the Company pursuant to which it will purchase 1.3 million shares of common stock at a price per share of $2.40 providing gross proceeds to the Company of approximately $3.1 million.

AND ALSO:
Other selected institutional holders of outstanding warrants have entered into warrant amendment agreements with the Company to exercise their warrants at an exercise price of $2.50 per share. Upon closing of the warrant amendment agreements, such participating institutional holders will exercise approximately 783,000 warrants providing aggregate proceeds to the Company of approximately $2.0 million.
In addition, Mr. John Wilson, CEO of Marker, has provided a written commitment for additional financing to the Company of up to $1.0 million.

You would think that a offering (whether it's an IPO or not), an offering that was vastly oversubscribed, would be able to get closer to the current share price (at that time), So $4 seems reasonable, $2.40 seems like a crazy low.
But, that's OK, got the 6.06 and the 5.24 set to go.
Dollar Cost Average.

You make most of your money in a bear market, you just don't realize it at that time.