Tuesday, March 27, 2012

Geron wants ok to authorized 100 million more shares

That's what the buzz is on the message board on Yahoo. Why 100 million more shares. I think it so they can deal from a position of strength in any kind of deal making. If the company knows you have no way to get cash, they will low ball Geron. Knowing Geron has a way to get more money for Phase three trials, the company would make a fair offer. Also on any spike up on good news Geron can sell some shares.
The share price at 2PM was $1.83 on only 280,600 shares.

Good luck in this rigged casino,

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