Seelos Therapeutics Inc (SEEL)

[allspice]

LOL! If they believe it should be valued higher than they need to stop selling the fack out of it. Look at the SEC filing from the other day. If they didn't sell that open at 61, it would have gone up to 80 instead of down to the 40s. They are their own worst enemy. They need to lay off the sell trigger and just let her go. They just dumped a ton at an avg of 52 per the filing.

"As previously reported, on April 21, 2010, the Company entered into a Sales Agreement with Brinson Patrick Securities Corporation (the "Sales Manager") to issue and sell through the Sales Manager, as agent, up to $10,000,000 of common stock from time to time pursuant to the Company's effective shelf registration statement on Form S-3 (File No. 333-165960). Through April 28, 2010, the Company had sold an aggregate of approximately 2.7 million shares of common stock under the Sales Agreement at a weighted average sales price of approximately $0.52 per share, resulting in offering proceeds of approximately $1.34 million, net of sales commissions."

So they have sold 1.3 million bucks worth out of up to 10 million. If they plan on selling it all now, this will go nowhere for weeks. If they lay off the sell button for a few days, it will go up as the FDA news was excellent. That's the problem though with a lot of this shit we trade. The management and the shareholders both want to sell to raise cash. We are fighting a supply issue and need more demand...