Thursday, August 01, 2019 10:07:22 AM
The PR on June 18 stated they closed their S-1 offering it also reveals that the effective date for that offering was June 13th. This means they sold ALL of their offing in just 5 days?!? Even less probably considering the PR was put out on the 18th of June.
That is a pretty freakin quick turn around time to complete an offering like this which is by definition supposed to be continuous. Some companies have these types of offerings open for months or years! So someone or some company was happy enough to buy out the entire offering in just a few days.
https://www.globenewswire.com/news-release/2019/06/18/1870823/0/en/SELLAS-Life-Sciences-Announces-Closing-of-15-Million-Public-Offering.html
Then the PR announcement of the collaboration with MERCK comes out and I'm connecting the dots.
Don't look now, but Uncle Willy is here...
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