Seelos Therapeutics Inc (SEEL): They filed to sell up to 10 mill bux wor...

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Seelos Therapeutics Inc (SEEL)

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Re: r_inv post# 2987

Tuesday, 05/18/2010 12:33:40 PM

Tuesday, May 18, 2010 12:33:40 PM

They filed to sell up to 10 mill bux worth of stock. Just because they have enough cash for a year doen't mean they are satisfied. Until they stop diluting, and I think they are still, as the price is acting like the way it usually does (up AH on news and down in the subsequent trading session), we simply have a supply issue - too much! Until demand outweights supply, this dog won't hunt. It is frustrating but this is what we are facing. JMHO.

I am not a very smart man. If you trade based solely on my opinion, which changes at the drop of a hat, you are a moron! I am an emotional and irrational wreck!

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