Spruce Biosciences Inc (SPRB)

[MiamiGent]

SPRB On watch for next week.
Was Friday's biggest gainer and held it like a champ.
The good news served as a confirmation it's late stage candidate is very likely to pass FDA. Japan pharma didn't hand over $15M for nothing.
Shares traded Friday were astounding, 88 X's the 90 DAV!
OS is small at 23.5M and is essentially 100% owned between institutions and insiders.
SPRB IPO'd in 2020 at $15.
Cash is over $100M so dilution not a concern.
Even with Friday's jump, it still is trading at about half it's cash!
I think the boys will get behind this next week.
Good LT hold, too
MG