Jun. 1 at 6:10 PM
$BCLI On the one hand, the evident volume increase and higher occasional price points reflect, as per Pitts’decision to join, increasing confidence in the company’s potential, if not viability. On the other hand, recent financing in the $.60s, etc., have produced a new supply of shares evidently being sold into the last days’ buying. Otherwise, I think today’s 40k vol ( so far) would have pushed SP into the $.90s ( where it was recently).
Will be interesting to see if a Form 4 in the couple of days might reveal some modest purchases by Pitts demonstrating his level of confidence.