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Post# of 19309
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DewDiligence

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DewDiligence

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Re: go seek post# 8485

Sunday, 03/02/2008 5:49:43 PM

Sunday, March 02, 2008 5:49:43 PM

Post# of 19309
>odd that the financing deal was announced just days after the top line data release.<

It was not odd, although it was somewhat naïve on GTC’s part, IMO. GTC had hoped to catch a pop in the share price, but the plan backfired because the downward pull from shopping the offering to institutional investors outweighed any upward pull from the positive phase-3 data.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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