Purely in my opinion--> Some institutional investors are prohibited from buying stocks under $5 a share. Since the reverse split is taking place one week prior to earnings and drug update, it is my contention that the company wants as many investors to come on board after the news is announced. Then the morning after, the stock will skyrocket, but then the next day another dilution round will be announced.
I will keep this until the morning after earnings are announced and then sell at 9:40 after the big run up, before the sell-off and dilution.
my plan. GLTA.
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