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Biotech / Medical : Biotech & Pharma.T.A, -- Ignore unavailable to you. Want to Upgrade?


To: Jibacoa who wrote (1806)2/8/2008 11:27:52 AM
From: Jibacoa  Respond to of 3722
 
GTCB was down 18.39 % at its intraday L & still is down 13.79% on volume of 646,720 >2x its ADV.

bigcharts.marketwatch.com

It announced today that it plans to sell 6,896,550 shares of common at a price of $0.87/shr, together with 7 year warrants in the same amount & $0.87 price to exercise.

The stock has had a fast dip from its Jan 30 intraday H of $1.19 (That was also the intraday H on Sep4; 5 & 10. so it will now have a god amount of resistance at that level.<g>)

bigcharts.marketwatch.com

GTCB has impressive triple digit improvements on revenues in the last 4Qs & has been trimming some its losses, but the EL for 2007 is still around $0.46/shr vs. $0.53 in 2006 It has a negative CF around $1.45/shr. The insiders hold >20% The short ratio went up 20% last month & is around 1.5x its ADV.

The Feb-Mar double top in 2000 was $50 <g>

bigcharts.marketwatch.com

Bernard