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Biotech / Medical : Immunomedics (IMMU) - moderated
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To: gonnahappensoon who wrote (8111)10/31/2009 7:30:00 AM
From: erickerickson4 Recommendations  Read Replies (1) of 63329
 
<<<That is what is killing the stock...they failed to raise money when the sector was hot and their share price was at a recent high>>>

I seriously doubt that. You're implying that IMMU could have gone out there and found someone willing to part with, say, $100M during its rise. A rise fueled not by some actual approval, but riding the coat-tails of HGSI. It's not that easy.

Say what you will about HGSI, they *did* have real news in hand, approval of their product, to entice investors into their secondary. Which makes it far easier to raise money.

And $6 was too low for IMMU to think about raising cash anyway <G>..

Best
Erick
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