Immunovant Inc (IMVT)

[littlejohn]

Looks like Wall Street selling snake oil

above a $10/share offering...

$38 looks nutty...

https://ih.advfn.com/stock-market/NASDAQ/immunovant-IMVT/stock-news/92142070/immunovant-announces-pricing-of-450-million-commo

And the token private offer is a great

carrot to toss out, but it could get done

eventually at a much lower price...

Sales crews will still get their cuts if

they can off load the shares...

Wouldn't want to be a customer of those...

My own wag is 3 to 4 per share at a big

discount for the private deal after the

public shares get unloaded...

So we watch...LJ