Rezolute Inc. (RZLT)

[Whalatane]

Well different situations . UNCY is a binary event ....clinical trial results due any day now .
RZLT ...when stocks go parabolic they can be subject to aggressive profit taking .
What is driving the PPS increase in RZLT ? Two hedge funds control 66 % of the stock and insiders control 20% I think ...so if 86% of the stock holders refuse to sell ...are they in effect creating a type of short squeeze. ?

The obvious speculation ( to me at least ) is that Big Pharma is interested in RZ402 ...their DME drug .
To have an oral medication that can delay the need for eye injections for diabetics ( I think roughly 80% of diabetics eventually develop DME...altho would need to chk )
My wild guess is that if the interest is there ...RZLT could probably sell the rights to RZ402 for around $100m . BP would spend at least another $100m getting it thru the trials and eventually approved ....but then for a cost of $200m plus you have a drug that could be used by millions of diabetics worldwide.

I was buying RZLT back in Feb for around $1.60 ...largely because Vivo and Nantahala were backing them and I think some on their scientific advisory board are widely respected .
Its done far better than I expected .
Congrats on your trade
Kiwi