Outlook Therapeutics Inc (OTLK)

[johnreiner]

My assessment from yesterday is that the company has exceptional data to report and a need for money! OTLK commonly puts out PR’s in the after hours at the end of the week. Yesterday’s PR come out premarket followed by a 8 am CC , the perfect storm was brewed up and shorts started covering with flippers and Day Traders buying… The company used it newly authorized shares passed at the annual meeting and registered and sold them via shelf offering into the hype! I’m estimating they sold anywhere from 30-40 million shares @ a average of $2.75…. I expect to hear about the new cash on hand during the upcoming earnings report! AIMHO