Jun. 2 at 5:26 PM
$FLGT a couple things 1)their readout must not be great on FID-007 since no ASCO and 2) stock price will likely be hurt by this, so when they release this info in June PR, they commit to a significant share buyback program…)200M at
$25 (won’t be able to buy all at
$20 when they announce it) is 8 million shares, and assuming same market cap, that would equate to a share price of
$33. Market will start pricing this in making all those July calls and longer dated Oct/Jan call print. Longer term, someone likely steps in and buys this.
