Replies to post #2160 on Galectin Therapeutics Inc. (GALT)

[thefamilyman]

When I saw that a couple of weeks ago I wondered if good news might be just around the corner. Maybe, just maybe... ;-)

"... Their hedge fund investors recently filed to sell their warrants, which would only come into play if the stock were over $2.50-the exercise of those warrants would give them substantial additional cash, maybe we will see a bump (at least temporary) with some positive psoriasis news (which would be a welcome change for all of us)." - biotech2010

[BelizeBeachTrader]

They should have lots of data by now and must be seeing something positive. It's a smart move to release some good data soon as it should create some positive momentum going into the trials reporting later this year. Also like you and the familyman point out the need to have SP above $2.5 to generate some much needed cash with warrants. Only a little tidbit of info today but is the most positive news we have seen in a long time.