Armata Pharmaceuticals, Inc. (ARMP)

[timberwolf7]

First of all, Merry Christmas and lets hope 2020 brings a completion to the first PH 1/2 trial...

2nd, as I have voiced, been surprised to see the share price hold up so well, so have been holding off buying shares. Then noticed today when chart checking that something was 'up' in terms of negative news. And see that it was a secondary to raise cash.

Now that said, not surprised, they are in debt, burning cash. And if they think they are going to sell into the market 8 Million shares, I hope like hell whoever is running this secondary has some 'buyers' lined up.. Cause looking at the daily volume, any pickup in sales into the market is going to really hurt this share price if there isn't someone lined up to absorb it. 2 of the last 3 trading days has seen volume spikes well above the 'daily average' and we are only talking 53000 shares today for instance...

This could get really ugly, but at the same time, I will now be looking for an entry price. I have been waiting for this to slide since the merger, but its resisted far longer than I expected it would.

No idea how they will execute this except to say, I will be watching this one daily now and looking for my first shares now since the merger..

Take care...