Today's Shooting Star (Chart) Says Otherwise
Looks like sellers took their news and sold it.
I would caution those who jump in after news, as I have seen many a penny stock play out. I have seen news releases where a company is announced to receive large amounts of funding at a time period TBD and it never materializes. What does materialize, is that company insiders use the hope to sell the stock. If ALLM gets their money, this will explode higher. Until then, it's hope for more news...and hope one of the news items actually comes to fruition. Otherwise this will get sold down further before there's a rebound.
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