ASTM about to pull trigger on a buy here...maybe
"gonna dump those 8 million shares into" seems a bit harsh.
haven't seen the filing but would assume with warrants offered above 1.70 there isn't any incentive to dump these shares.
why not look at a glass half full view that an institutional holder was willing to pay up near recent high prices for a sizeable chunk of the company.
i remember a similar situation with CORV?!(now BWNG)a year ago where the market dove even below a similar offering then flew to more than a double (had a dramatic fall later)
i think therefore, that ASTM, might be a great bounce candidate given the election prospects in CA. and the heightened awareness of stem cell research value recently.
anyone with a link to the filing?
development stage companies often take the opportunity to raise cash in favorable market conditions.
TRADING: "More Signal...less Noise"
LIVING: "One World, One Family, Warm Heart" Dalai Lama
