Does the company benefit from a rising share price? YES!
Publicity (free, paid, bad, etc) increases familiarity with the stock.
Familiarity generates interest in the stock and the science behind it.
The science in particular, then attracts long term investing: both retail, and sophisticated.
An increase in Buying pushes the share price upwards.
When the time comes for a cash raise, the company raises at a higher share price than what it would have done when it's sp was lower (meaning, fewer shares issued = less dilution). Also, cash raise get well supported when the interest is high, including by new sophs.
Strong science, with a lot of money in the bank: A dream scenario for any biotec.
So, the company coffers do end up with more money as a result.
RAC Price at posting:
$1.41 Sentiment: Buy Disclosure: Held
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