May. 27 at 4:05 PM
$ALLO remain very bullish on this one based on recent data. This should be significantly higher and would have been if not for the head scratching raise at
$2. They had a cash runway into 2028. What was the rush to raise additional capital at such a discounted valuation? It makes many think
that the company is not confident going forward and
it is creating a headwind against the share price. The offering was oversubscribed which indicates the institutions liked the deal. So, I guess for those who are bullish, it creates an opportunity to buy. In the end, it all comes down to the future data anyway.
