Director selling to manage dilution. It's black and white in the announcement keep it simple and don't speculate.
also states to fund development pipeline and no such think that the endometriosis development is out of scope now. Anything otherwise is speculation.
in a tough market its better to see institutional investors buying and also the company being open with the director selling to raise funds. If they decided to dilute everyone would be upset about that approach as well.
can't win..
best thing to do it email the company about their announcements and ask the questions. I'm sure they'd be happy to respond. And if they don't you have your answer on poor management. So this approach is a win win instead of speculating.
PIQ Price at posting:
79.5¢ Sentiment: Hold Disclosure: Held
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