Dec. 10 at 3:49 PM
$GLTO looked left for dead for 6 months. They had a similar story. They were going down down down and running low on cash then announced they acquired a new asset...stock tanked. Mostly because people were wondering 'how the hell are you paying for this when you don't have any cash....they must have a plan'. 6 months later they announced 150M placement and the stock goes from
$2 to
$30.
$CYCN in a similar boat....down down down announced acquiring assets from M.I.T. 'but how, no cash??? they must have plan for God's sake'.....well maybe the plan is a massive raise down the line.
