REATA PHARMACEUTICALS INC [ RETA ] (RETA)

[dinogreeves]

They have 420 million cash on hand and 180 million in debt, my personal belief is if no offering tomorrow pre market and by the looks of it nothing has been filed recently for anything related to shelf offering, if nothing by open, this could hit 120 tomorrow. Lots of puts out there, people are betting against the company for some reason, they think this company is going to throw an offering. We will see how it plays out tomorrow. I am bullish and I think this will top out between 120-130, now if they bring in Baker Brothers like MD*GL did, then I think it might even hit 175 dollars fade off from there. Goldman Sachs price target after the press release 185.00 dollars, Citigroup price target $120.00