Not sure why people are cheering from all sides this morning off the back of this announcement ..... I think it is pathetic because it means -
1. On the back of the FDA AA announcement the company couldn't even sell these shares at a premium; and
2. On the back of the recent share price rise the company couldn't even sell these shares at a premium; and
3. There is no partnership deal even remotely close or they would have taken up this overhang of shares at a premium.
not much to cheer about IMO accept we have a few more dollars in the bank ..... perhaps as @Pledge has been saying, they sold the shares to their mates ..... probably easy to do on the back of the FDA announcement and the share price rise recently
Not sure why people are cheering from all sides this morning off...
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