Jun. 8 at 6:45 PM
$SGMO So Sangamo's relisting argument tomorrow is: We've got no deals, but we do have a banker now looking at strategic alternatives. And we've put out a press release showing all our impressive assets with an email address to contact for more info.
Then there's this: "... [Sangamo] has retained Raymond James as its financial advisor to assist in evaluating a full range of strategic alternatives to advance its promising pipeline and to maximize value for all stakeholders."
The use of "stakeholder" in this sentence is not a good omen for retail investors -- it's a much broader term that signals "we are considering our decisions and how they impact patients, employees, creditors, etc., and not just shareholders."
If you have money on this now you are basically betting on a Raymond James-led "Hail Mary pass." Not impossible but a steep hill to climb at this point. The hearing tomorrow really forces them to show their hand and it's still a "no deal" hand, apparently.