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Alias Born | 06/14/2018 |
Monday, May 18, 2020 4:07:07 PM
I've been trying to tell all since Friday morning:
And considering that SRNE had only $21.9M in cash and equivalents at the end of March while operations consumed ($38.6M) in Q1, it sure seems like an advantageous time for such a bold proclamation ("CURE"), to garner government grants or to artificially raise stock price for possible dilution.
It was good for those who already owned shares and also for those who bought EARLY Friday morning, but the chasers who bought pre-market today probably ain't happy now.
Momentum and trend is you friend only lasts for so long.
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