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Klinsmann

03/05/15 11:26 AM

#1802 RE: chrispy2468 #1801

Holding well - they sell 10 million in the open market till Monday - after that CYCC gonna move up quickly again imo. Shares get absorbed here!

BAMF1984

03/05/15 11:31 AM

#1804 RE: chrispy2468 #1801

No. They're in the midst of a public offering where they are selling 10,000,000 shares for $1 each to raise $10M to further their research. They've been very up-front about it and legit. That $1 price is a 27% discount off from Tuesday's close. Once they're done selling the 10,000,000 shares, the price should, in theory, pop back up to normal levels. Last week this was touching $2 and got as high as $2.13.