His disemination of the information was blunt, admittedly, but 95% of the viewers here don't know what to make of the information. Simply put, is it going up or is it going down?
In a nutshell, it's a lackluster press release. June is a guotine. If additional funding isn't found or a buy-out offer isn't proposed by that time, they are in serious risk of bankrupcy.
The best that can be hoped for is a buy-out offer or progres in Europe, possibly an approval.
The advice is, trade the tape and don't be emotional. You want their products to succeed and you feel they're effective drugs as much as you can diseminate the information (the vast majority of you aren't ocologists). If the GNTA price drops, sell. If there is good PR, buy. Don't become emotional to the point where it clouds your judgement and blinds you to the reality of the companies' finances.
Their finances are in trouble and they've got weeks to figure it out. I was long, sold, long and sold again yesterday with my trigger finger waiting to buy more. I'm trading the tape and I'm making serious money in the process.
However, if it tanks on this iffy news, then I'll buy again in the dips.
This isn't the news -- the news is how they're going to handle the June financing and whether or not they'll reverse-split and to what degree and if they're actively engaging in seeking a buyer/partner.
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