Yeah typo, 5 Cents. You're correct. Great improvement. Huge first day on the NASDAQ.
But, it actually didn't make the 5 cents in the green. It traded down in after hours- a wonderful feature once a stock makes it on the NASDAQ.
It traded DOWN, RED .0101 which would be approx 1 CENT or 101/10,000ths of a dollar or down .14%. Amazingly strong first day showing, especially for the buyers at $8.39 where it spent all of probably less than a minute.
To sell-off over a $1 from it's AM peak (on a $7 stock, or almost a 15% decline off its very brief momentary peak shows weakness IMO. It sold off into any strength and very rapidly) That indicates to me it couldn't even support a good mo-mo trade at this point.
They're gonna more than likely need to dilute at some point very soon IMO to fund their proposed trials and all. If it trades this weak now, just wait till a large chunk of dilution shares are piled on and need to be sucked up in the market place. They're also diluting now for all intents and purposes as they're using and relying on Lincoln to keep the lights on and doors open.
I see continued weakness ahead IMO after today's showing.
News 
Market Data 
Discover 
